TORONTO, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Mr. Donald Sheldon announces that on August 22, 2018 he acquired ownership of or control over an additional aggregate of 1,844,332 common shares (the “Common Shares”) in the capital of GoldTrain Resources Inc. (“GoldTrain” or the “Issuer”) (CSE: GT) at a deemed price of $0.08 per Common Share through conversion of an aggregate of $148.146.58 of debt owed by the Issuer.
Prior to acquiring such Common Shares, Mr. Sheldon owned or controlled 485,869 Common Shares representing approximately 16.48% of the issued and outstanding Common Shares of GoldTrain.
As a result of the above-noted acquisition, Mr. Sheldon now owns or controls 2,330,201 Common Shares representing approximately 45.46% of the issued and outstanding Common Shares.
Mr. Sheldon has no present intention of acquiring additional securities of GoldTrain. Depending upon his evaluation of the business, prospects and financial condition of the Issuer, the market for GoldTrain’s securities, general economic and tax conditions and other factors, Mr. Sheldon may acquire more or sell some or all of his securities of GoldTrain.
GoldTrain relied on the exemption provided in section 2.14 – Securities for Debt of the National Instrument 45-106 – Prospectus Exemptions.
For more information and to obtain a copy of the early warning report required by securities legislation and filed on SEDAR under GoldTrain’ company profile at www.sedar.com, please contact:
Donald A. Sheldon
199 Bay Street, Suite 2200
Toronto, Ontario M5L 1G4
Telephone: 416-777-4017