CEO buys more shrs
Sunrise Minerals shareholder Sussman acquires shares
2007-08-30 11:49 ET - News Release
Mr. Ari Sussman reports
ARI SUSSMAN ACQUIRES COMMON SHARES AND WARRANTS OF SUNRISE MINERALS INC.
Ari Sussman, through the purchase of units of a private placement reported in Stockwatch on Aug. 10, 2007, acquired ownership of 1,562,500 common shares of Sunrise Minerals Inc. through the facilities of the TSX Venture Exchange representing approximately 4.2 per cent of the total issued and outstanding common shares of Sunrise as of Aug. 27, 2007. As a result of this transaction, Mr. Sussman held, as at July 16, 2007, a total of 3,860,440 common shares of Sunrise and rights to acquire an additional 2,083,333 common shares of Sunrise upon the exercise of options and warrants. In the event that the convertible securities are fully exercised, the holdings of Mr. Sussman represents a total of 6,043,773 common shares of Sunrise, or approximately 16.2 per cent of all issued and outstanding common shares as at Aug. 27, 2007, calculated on a partially diluted basis assuming the exercise of the convertible securities only.
These transactions were made for investment purposes and Mr. Sussman could increase or decrease his investment in Sunrise depending on market conditions or any other relevant factor.