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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 to Proceed with $500,000 Private Placement and Name Change

07/08/2013 2:30pm

Marketwired Canada


Hansa.net Global Commerce, Inc. (NEX:HAN.H) ("Hansa") announces that it is
proceeding with a $500,000 private placement which was originally announced
November 21, 2012. Hansa will also complete a name change to "KMT-Hansa, Corp.".
The name change and creation of KMT Global Resources Corp. ("KMT") as a new
control person of Hansa were both approved by shareholders at Hansa's December
19, 2012 annual and special meeting.


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 acquired 5,955,862 common shares of Hansa in a
sale from control transaction in March, 2013 and will hold 68.93% of Hansa's
fully diluted share capital following the proposed private placement assuming
exercise of the warrants which form part of the units. Closing of the private
placement with KMT is subject to NEX approval. All shares and warrants issued on
the private placement will be subject to a four month hold period from closing
as well as to control person restrictions on sale.


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.


ON BEHALF OF THE BOARD:

Lynwood S. Bell, President and Director 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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

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1 Month Kmt-Hansa Corporation Chart