insider buying newsAlhambra's Komarnicki and Wagenaar boost interest
2006-06-15 16:44 ET - News Release
Mr. Ihor Wasylkiw reports
TWO INSIDERS INCREASE POSITION IN ALHAMBRA TO IN EXCESS OF 10% EACH
As a result of the exercise of outstanding share purchase warrants and a purchase through the facilities of the TSX Venture Exchange, John J. Komarnicki, chairman of the board and chief executive officer of Alhambra Resources Ltd., has beneficially acquired 2,048,000 common shares, and Clarence K. Wagenaar, a director of Alhambra, has beneficially acquired two million common shares of Alhambra.
Following this acquisition, Mr. Komarnicki beneficially owns or directly controls 7,530,439 common shares of Alhambra, or 12 per cent of the issued and outstanding common shares of Alhambra, and Mr. Wagenaar beneficially owns or directly controls 7,764,593 common shares of Alhambra, or 12.4 per cent, of the issued and outstanding common shares of Alhambra.
Alhambra has been advised that each of these individuals acquired these common shares for investment purposes and that neither of these individuals have any present intention to acquire ownership of, or control over, additional securities of Alhambra at this time except in respect of the purchase of common shares pursuant to the possible exercise of currently issued and outstanding share purchase warrants or stock options held by these individuals or the possible purchase of common shares through the facilities of the TSX-V.