TORONTO, March 27, 2013 - Pasquale Di Capo, 130 King Street West, Suite 2210, Toronto, Ontario M5X 1E4, announces that on March 19, 2013, he acquired ownership of 2,500,000 common shares and indirectly acquired control of 250,000 common shares (together, the "Common Shares") of Gondwana Gold Inc. ("Gondwana"). The Common Shares were acquired in connection with the closing of the acquisition of Pan African Oil Ltd. by Gondwana on March 19, 2013 (the "Transaction") and represent approximately 4.72 per cent of the total issued and outstanding common shares of Gondwana.
As a result of the Transaction, Mr. Di Capo collectively owns and controls, directly and indirectly, an aggregate of 4.55 million common shares, including the Common Shares, as well as 2.96 million common share purchase warrants (the "Warrants"), each warrant entitling the holder to acquire one common share of Gondwana. Such securities represent approximately 7.80% of Gondwanda's issued and outstanding common shares (or approximately 12.26% on a partially diluted basis, assuming the exercise of only the Warrants).
These transactions were made for investment purposes, and Mr. Di Capo may, from time to time, dispose of or acquire additional securities of Gondwana depending on market conditions or any other relevant factors.
To obtain a copy of the report filed pursuant to applicable securities regulations in connection with the foregoing, please contact:
Shaun Drake DSA Corporate Services Inc. Tel: 416-848-0101 Fax: 416-848-0790 sdrake@dsacorp.ca 50 Richmond Street East, Suite 101 Toronto, ON M5C 1N7
Contact
DSA Corporate Services Inc. Shaun Drake 416-848-0101 416-848-0790 (FAX) sdrake@dsacorp.ca
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TORONTO, March 27, 2013 - Pasquale Di Capo, 130 King Street West, Suite 2210, Toronto, Ontario M5X 1E4, announces that on March 19, 2013, he acquired ownership of 2,500,000 common shares and indirectly acquired control of 250,000 common shares (together, the "Common Shares") of Gondwana Gold Inc. ("Gondwana"). The Common Shares were acquired in connection with the closing of the acquisition of Pan African Oil Ltd. by Gondwana on March 19, 2013 (the "Transaction") and represent approximately 4.72 per cent of the total issued and outstanding common shares of Gondwana.
