TORONTO, ONTARIO--(Marketwire - Oct. 17, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Garfield Mitchell ("Securityholder") announced today that he has filed an early warning report dated October 17, 2012 advising of the purchase of common shares of Genesis Land Development Corp. ("Genesis") (TSX:GDC).
On October 15, 2012, the Securityholder acquired ownership and control of 320,400 common shares of Genesis representing approximately 0.7% of the outstanding shares of Genesis. Immediately after this purchase, the Securityholder beneficially owns and controls 6,795,035 common shares of Genesis representing approximately 15.2% of the issued and outstanding common shares of Genesis.
The Securityholder acquired the securities for investment purposes and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over securities of Genesis.
This news release is being issued under the early warning provisions of Canadian provincial securities legislation.