VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 23, 2014) - Ross J. Beaty, of 1550 - 625 Howe Street, Vancouver, British Columbia, V6C 2T6, today announced pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that on July 22, 2014, he acquired ownership of 26,386,667 common shares of Odin Mining and Exploration Ltd. ("Odin"), in reliance on the accredited investor exemption set out in Section 2.3 of National Instrument 45-106 Prospectus and Registration Exemptions. The purchase price was US$0.052418227 (CDN$0.05625) per common share for an aggregate purchase price of US$1,383,142.30 (CDN$1,484,250.00). The common shares purchased by Mr. Beaty represent approximately 22.1% of the total number of issued and outstanding common shares of Odin.
As a result of this transaction, Mr. Beaty now owns, directly or indirectly, or exercises control or direction over, 26,386,667 common shares of Odin, representing approximately 22.1% of the total number of issued and outstanding common shares of Odin.
Mr. Beaty's acquisition was made for investment purposes. Mr. Beaty may, in the future, acquire ownership and control over additional securities of Odin for investment purposes.
A Canadian dollar translation of US dollar amounts is provided using the Bank of Canada noon exchange rate on June 23, 2014 (the day the transaction was announced) of US$1.00:CDN$1.0731. |
| For more information, or to obtain a copy
of the subject early warning report, please contact:
Ross J. Beaty
(604) 684-1175
Fax: (604) 684-0147
1550 - 625 Howe Street
Vancouver, British Columbia, V6C 2T6
|