TORONTO, March 1, 2018 /CNW/ - Global Resource Fund ("GRF") announced that, pursuant to the previously announced plan of arrangement (the "Arrangement") of Pine Point Mining Limited ("Pine Point"), all of the common shares of Pine Point beneficially owned by GRF were exchanged for securities of Osisko Metals Incorporated and Generation Mining Limited ("Generation").
Prior to completion of the Arrangement, GRF owned 26,250,000 common shares of Pine Point. Immediately after the completion of the Arrangement, GRF no longer owned or exercised control and direction over any securities of Pine Point. Immediately after the completion of the Arrangement, GRF owns and exercises control over 2,625,000 common shares of Generation, representing approximately 16.9% of the issued and outstanding common shares of Generation.
This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.
SOURCE Global Resource Fund
For further information: or to obtain a copy of the early warning reports filed by GRF: Global Resource Fund c/o Walkers Corporate Limited, Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands, Attention: Daniel Cohen, E-mail: [email protected], Telephone number: (416) 866-8080