Acquisitive Investments Limited announced that on November 21st 2012, Acquisitive Investments acquired 6,000,000 common shares of Global Alumina Corporation at a price of approximately CAD 0.14 per Common Share. The aggregate cash consideration paid by Acquisitive Investments for the 6,000,000 Common Shares was USD 840,000.
Immediately following completion of the Transaction, Acquisitive Investments had ownership and control over 21,000,000 Common Shares or approximately 11.5% of the Common Shares outstanding at such time.
For purposes of calculating the percentages of Common Shares owned by Acquisitive Investments, Acquisitive Investments has assumed that there were 183,331,495 Common Shares outstanding as of November 21st 2012, as disclosed by Global Alumina in its management's discussion and analysis for the three and nine month periods ended September 30th 2012.
