Routemaster Capital Inc. (TSX-V: RM) has acquired 4,100,000 common shares of Sulliden Mining Capital Inc. (TSX: SMC) at a price of $0.30 per common share for an investment of $1,230,000.
Following the share acquisition, Routemaster, becomes Suliiden’s largest shareholder, holding an aggregate of 6,621,500 common shares which represents 18% of the issued and outstanding Sulliden common shares.
As of December 11, 2016, Stan Bharti, Chairman of Sulliden and Executive Chairman of Forbes & Manhattan, Inc., was the largest shareholder controlling 4,281,620 common shares or approximately 11.6% of the issued and outstanding shares.
Sulliden Mining Capital Inc. is focused on generating value through the acquisition and development of quality mining projects in the Americas, in addition to identifying opportunities across industries for active investments.
Routemaster Capital Inc. is a Canadian investment company that carries on business with the objective of enhancing shareholder value.
photo credit: Sulliden Mining Capital
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