Portex Minerals Inc (DB:5S7N) signed a share purchase agreement to acquire Metallum Exploration Limited from Metallum Resources PLC for CAD 3 million in stock on September 17, 2013. As part of consideration, Portex Minerals will issue 100 million common shares. In a related transaction, Portex agreed to acquire Global Resources Investment Limited. Post acquisition, Larry Segerstrom, President of Metallum Exploration, will join Portex Minerals as Board of Directors. As a part of transaction, if the units of Global Resources Investment Trust, plc have not been listed on the London Stock Exchange on or before October 3, 2013 then the Portex Shares will be returned to Portex for cancellation. The completion of the Metallum Exploration Limited transaction is subject to completion of Global Resources Investment Limited transaction, approval by shareholders of Portex and Metallum Resources PLC, regulatory and governmental approvals and conditional approval of the London Stock Exchange, approving the listing of the units of Global Resources Investment Trust plc and conditional approval of the London Stock Exchange, approving the listing of the units of Global Resources Investment Trust plc. In the event that the conditions are not satisfied on or prior to October 10, 2013 the transaction may get terminated. Bennett Jones LLP acted as legal advisor for Portex Minerals Inc (DB:5S7N) and Manu K. Sekhri of Ascendant Securities Inc. acted as financial advisor for Metallum Resources PLC.

Portex Minerals Inc (DB:5S7N) completed the acquisition of Metallum Exploration Limited from Metallum Resources PLC on November 15, 2013. The transaction was unanimously approved by the board of directors of Portex Minerals.