Tata Chemicals' subsidiary to acquire stake in EPM Mining Ventures Inc, Canada Enters into a subscription agreement Tata Chemicals has announced that Gusiute Holdings (UK), wholly owned subsidiary of the company has entered into a subscription agreement with EPM Mining Ventures Inc., Canada, (EPM).Pursuant to the agreement, EPM will issue Gusiute one unit at a price of C$16,000,000, such unit consisting of 80 lakh voting common shares of EPM and 80 lakh common share purchase warrants. Each warrant will entitle the holder to subscribe for one common share at a price of $2 per share for a period of 12 months following the closing of the offering. The closing of the offering is subject to certain customary closing conditions set out in the subscription agreement, including the approval of the TSX Venture Exchange. EPM intends to use the proceeds of the offering for the further evaluation of its properties and for general working capital purposes.The company made this announcement during the trading hours today, 24 August 2011.