Business
Chairman of Global Railway Industries Ltd. Sells Shareholdings to Affiliate of Mercury Partners & Company
Stock Symbol: GBI.H Listing: NEX Outstanding Shares: 15.3 Million Web Site: www....
About this update from Greenrise Global Brands Inc
[{"type":"text","content":"\n\n\n\n\n\nStock Symbol: GBI.H \nListing: NEX\nOutstanding Shares: 15.3 Million\nWeb Site: www.globalrailway.com\n\n\nLACHINE, QC, Nov. 20, 2012 /CNW/ - Global Railway Industries Ltd. (GBI.H:NEX):  Global Railway Industries Ltd. announced today that its chairman, Thomas\n Dea, and two individuals who may be considered joint actors of Mr. Dea\n sold all 3,929,300 of their common shares in Global, representing\n approximately 25.7% of the outstanding shares, to an affiliate of\n Mercury Partners & Company.  Global has been advised that the\n transaction was completed in accordance with exemptions from the\n take-over bid and prospectus requirements of applicable Canadian\n securities laws.\n\n\nThe transaction is considered to result in a \"change of control\" of\n Global for purposes of the rules and policies of the TSX Venture\n Exchange.\n\n\nAbout Global Railway Industries:  Global Railway Industries Ltd. is a public company whose shares are\n listed for trading on the NEX Board of the TSX Venture Exchange under\n the symbol \"GBI.H\".\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in policies of the TSX Venture Exchange) accepts\n responsibility for the adequacy or accuracy of this release.\n\nSOURCE: Global Railway Industries Ltd.\n\n\n Company Contact: Fausto Levy President & CEO Tel: 514-634-6224 ext. 136 E-mail: [email protected] Company Contact: Ross Corcoran Vice President & CFO Tel: 514-634-6224 ext. 136 E-mail: [email protected] \n","length":1886,"tagName":"div"}]