/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./
TORONTO, April 30, 2013 /CNW/ - Garfield Mitchell ("Securityholder") announced today that he has acquired 2,500,000 common shares (the "Purchased Shares") of Genesis Land Development Corp. ("Genesis") (TSX:GDC) at a price of $3.35 per Purchased Share bringing his total direct and indirect holdings in Genesis to 9,858,635 common shares or approximately 22.07% of the total outstanding common shares of Genesis. The Purchased Shares were acquired by private agreement pursuant to the private agreement exemption of applicable securities laws. The Securityholder acquired the Purchased Shares for investment purposes and may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over securities of Genesis.
This news release is being issued under the early warning provisions of Canadian provincial securities legislation and an early warning report will be filed by the Securityholder in accordance with applicable securities laws and will be available on SEDAR at www.sedar.com.
SOURCE: Garfield Mitchell
For further information:
Stephen J. Griggs
Smoothwater Capital Corporation