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HAN.H Kmt-Hansa Corporation

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Share Name Share Symbol Market Type
Kmt-Hansa Corporation TSXV:HAN.H TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Hansa.net Announces AGM and Seeks Shareholder Approval for Potential Change of Control

21/11/2012 9:56pm

Marketwired Canada


Hansa.net Global Commerce, Inc. (NEX:HAN.H) ("Hansa") announces that its annual
general and special meeting of shareholders will be held in Vancouver, B.C. on
December 19, 2012 (the "Meeting"). Hansa will be seeking shareholder approval
for an increase in the board of directors to six members, for a potential change
of Hansa's name to "KMT Global Resources Corp." and for the possible creation of
a new control person.


Hansa has entered into a private placement subscription agreement with KMT
Global Resources Corp. ("KMT") whereby Hansa proposes to issue 10,000,000 units
pursuant to a private placement at price of $0.05 per unit. Each unit will
consist of one common share and one non-transferrable share purchase warrant to
purchase one additional common share of Hansa at a price of $0.10 for one year
from the date of closing. KMT would hold 36.2% of Hansa's issued share capital
following the proposed private placement and 53.1% of Hansa's fully diluted
share capital assuming exercise of the warrants which form part of the units.
Closing of the private placement with KMT is subject to disinterested
shareholder approval and NEX approval.


KMT is a private corporation incorporated under the laws of the Republic of
Seychelles. KMT develops, markets and licenses intellectual property and
intellectual design technology. This exactly fits within the business
development plan which Hansa has been pursuing for a number of years. KMT's
acquisition of voting control of Hansa will not result in a change of business
or significant deviation in the direction of Hansa's operations. It is
management's expectation that KMT's involvement with Hansa will result in
significant synergy to the benefit of both Hansa and KMT. Hansa's management
team welcomes and endorses the financial and business investment of KMT and is
recommending that Hansa's shareholders approve the proposed private placement to
KMT and creation of KMT as a control person of Hansa.


Management of Hansa has nominated Mr. Zheng Jiang Xie and Mr. Edward T.S. Chan,
both representatives of KMT, for election to Hansa's board of directors at the
Meeting. Mr. Xie is a resident of Shenzhen, Guangzhou Province and serves as the
Chairman of the board of directors of KMT. Mr. Xie is the founder and senior
partner of Shenzhen TongYing Equity Investment Fund Management Company Ltd. Mr.
Xie has been actively involved in the development and financing of Asian
technology companies for over a decade.


Mr. Chan is a resident of Toronto, Ontario. Mr. Chan is a founder of KMT. Prior
to establishing KMT, Mr. Chan was the Senior Vice President of Global Business
Development for Magplane Technology Inc. a developer of maglev transportation
technology and previously the Chief Executive Officer of Nova Natural Resources,
a Chinese consumer-electronics company.


ON BEHALF OF THE BOARD:

Lynwood S. Bell, President and Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Hansa.net Global Commerce, Inc.
Lynwood S. Bell
President and Director
(264) 497-3800

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