RE: RE: RE: OXBRIDGE2009-12-01 04:24 ET - News Release
Mr. Darren Stark reports
OXBRIDGE BANK AND TRUST SCC COMPLETES ACQUISITION OF COMMON SHARES OF RICHMONT MINES INC.
Oxbridge Bank and Trust SCC, located at Chelston Park, Collymore Rock, St. Michael, Barbados, has completed the previously announced acquisition of 2.23 million common shares of Richmont Mines Inc. from a private investor, at a price of $3.50 (U.S.) per common share. Oxbridge, together with joint actors, now owns and controls 5,013,254 common shares and 75,000 options to purchase common shares of Richmont representing in the aggregate approximately 19.49 per cent of the issued and outstanding shares (excluding shares underlying outstanding options) of Richmont.
An amended early warning report in respect of the above-noted transaction will be filed on SEDAR.