Business
GMR Issues Shares for Payment of Assets
GMR Issues Shares for Payment of Assets.
About this update from Gaming Realms Plc
[{"type":"text","content":"\n \nGMR Global Mineral Resources Corp. Issues 24M Shares for the Payment of Assets\n\nTORONTO, ONTARIO--(October 18, 2013) - As per the agreements between GMR Global\nMineral Resources Corp. (GXG Markets: GMR) and its debtor, GMR has outstanding\nliabilities totaling $2.4 million CAD for the payment of assets. At the\nrequest of the debtor, these liabilities may be converted into new Common\nshares at a price of $0.10 CAD per share at any time.\n\nAt this time, the debtor has requested the liabilities totaling $2.4 million\nCAD be converted into new Common shares at a price of $0.10 CAD per share. This\nconversion will result in the issuing of an additional 24,000,000 Common\nshares.\n\nUpon the issuance of these shares, the new issued and outstanding share total\nwill be 44,200,902.\n\nAbout GMR Global Mineral Resources Corp.\n\nGMR Global Mineral Resources Corp. (GXG Markets: GMR) is a Canadian-based\nresource, exploration and development company that primarily redevelops\npast-producing gold and silver mining properties. GMR focuses on properties\nthat were not fully exploited due to old technology or weak precious metal\nprices. By implementing modern exploration and extraction methods, GMR's\nstrategy is to profitably revitalize these mines. For additional information on\nthe company and its properties, please visit www.globalmineralresources.com.\n\nCAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION\n\nCertain statements above constitute forward-looking statements with respect to\nGMR Global Mineral Resources Corp. and affiliated companies. Such\nforward-looking statements involve known and unknown risks, uncertainties and\nother factors that may cause the actual results, performance or achievements of\nthe companies to be materially different from any further results, performance\nor achievements expressed or implied by such forward-looking statements.\n ","length":1875,"tagName":"div"}]