CALGARY, Oct. 1, 2014 /CNW/ - Coril Holdings Ltd. ("Coril") announces that it has exercised its 15,000,000 Common Share Purchase Warrants ("Warrants") of Gemini Corporation ("Gemini"). Each such Warrant entitled Coril to purchase one Common Share at a purchase price of $0.25 for an aggregate additional investment of $3,750,000.
After exercising the Warrants, Coril will own approximately 48% of the Common Shares of Gemini (45% on a fully diluted basis).
Coril's additional investment of $3,750,000 is to support the continued growth of Gemini's business.
Headquartered in Calgary, Alberta, Canada, Coril is a 100% family-owned parent company of a number of subsidiaries operating in the following industries:
- Private investments
- Railroad maintenance and services
- Real estate development and advisory services
- Real estate ownership and management
- Personal health and wellness activities
SOURCE: Coril Holdings Ltd.
For further information: Kevin L. Beingessner, President and CEO, Coril Holdings Ltd., Suite 600, 1100 1st Street SE, Calgary, AB T2G 1B1