Sun Valley Gold LLC: Control and Direction Over Common Shares of Belo Sun Mining Corp.
SUN VALLEY, IDAHO -- (Marketwired) -- 07/28/15 -- Sun Valley Gold LLC ("Sun Valley") announced today that it has acquired control and direction over an aggregate of 291,000 common shares ("Common Shares") of Belo Sun Mining Corp. ("Belo Sun") on behalf of client accounts, including Sun Valley Gold Master Fund, Ltd. (the "Master Fund"), over which it has discretionary trading authority. The Common Shares were acquired on the open market on July 23/24, 2015 for a purchase price of $0.16 per share.
Following completion of the acquisition described above, Sun Valley exercises control and direction over an aggregate of 48,456,732 Common Shares for and on behalf of client accounts, representing approximately 13.48% of the issued and outstanding Common Shares. The Master Fund beneficially owns 30,799,854 Common Shares, representing approximately 8.57% of the issued and outstanding Common Shares.
The securities of Belo Sun were acquired for investment purposes. Sun Valley and the Master Fund may increase or decrease their ownership of securities of Belo Sun depending upon future market conditions.
Contacts: FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE CONTACT: Sun Valley Gold LLC Linda J. Kish Chief Legal Officer (208) 726-2399 (208) 726-0842 (FAX)
Source: Sun Valley Gold LLC
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SKT collaborates with Aptos Labs, Brevan Howard and Microsoft to bring global institutional finance on-chain with Aptos Ascend
- Global clinical development on Dengue antiviral candidate will start, Hyundai Bioscience strives to win emergency use authorization
- The 25th Jeonju International Film Festival Kicks off on May 1st in Jeonju, Korea
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!