Esperanzas Special Warrants of Global Minerals Ltd. Converted Into Shares and Warrantsadmin
Esperanza Resources Corp. announce that, at the annual general meeting of the shareholders of Global Minerals Ltd. (TSX.V: CTG) held on December 3, 2010, Global’s shareholders overwhelmingly approved Esperanza acquiring greater than 20% of Global’s stock through the conversion of its special warrants and thereby becoming a control person of Global. The special warrants have been converted accordingly, and Esperanza now holds 23,493,233 shares of Global, representing a 36.4% ownership interest in Global, and warrants to purchase a further 2,079,951 shares.
Esperanza is an emerging producer focused on advancing the development of its two principal properties: the San Luis gold and silver joint venture in Peru and the 100%-owned Cerro Jumil gold project in Morelos State, Mexico. It is also actively investigating 11 other exploration interests in Peru and Mexico. In October of 2010 it announced a strategic investment which resulted in a 36.7% interest in Global Minerals Ltd. owner of the Strieborna silver/copper/antimony project in Roznava, Slovakia.