Previously, Asia Goldworks Limited held, among other securities, 30,000,000 common
shares of Garrison International Ltd. (“Garrison”) in trust for Anthony Bainbridge (as
to 40%) and Danny Sun (as to 60%). This documents is filed to report that 22,190,000
of the common shares held by Asia Goldworks Limited in trust were transferred to Mr.
Bainbridge, a director of Garrison. As a result of the transaction, Mr. Bainbridge has
acquired direct and beneficial ownership of 10,190,000 an additional common shares of
Garrison (as compared to his direct and beneficial holdings prior to the transaction).
the designation and number or principal amount of securities and the offeror’s
securityholding percentage in the class of securities immediately after the transaction or
occurrence giving rise to obligation to file the report:
Immediately after the transaction, Mr. Bainbridge held 22,390,000 common shares of
Garrison directly, and 1,170,000 common shares of Garrison indirectly through Asia
Goldworks Limited. These shares constitute approximately 24.7% of the outstanding
common shares of Garrison.
In addition, Mr. Bainbridge holds options exercisable to purchase 700,000 common
shares of Garrison and beneficial ownership of warrants exercisable to purchase
12,000,000 common shares of Garrison.
