Macquarie ups stakeInvestments of Macquarie Group Limited in Oro Gold Resources Ltd.
TORONTO, Dec. 18, 2009 (Canada NewsWire via COMTEX) --
Companies: Macquarie Bank Ltd.(MQBKF), Macquarie Group Ltd(MQBKY), Oro Gold Resources Ltd(OGRSF)
MacquarieGroup Limited ("Macquarie") announces that, through Macquarie BankLimited, a wholly-owned subsidiary of Macquarie, it owns 4,640,692common shares of Oro Gold Resources Ltd.("Oro"), due to a recent acquisition of 1,000,000 shares. Macquariealso holds 2,320,346 warrants to purchase an equivalent number ofadditional shares of Oro.
The above acquisition increases Macquarie's deemed beneficialshare ownership in Oro to 6,961,038 common shares, representing, toMacquarie's knowledge, 11.03% of the issued and outstanding shares ofOro, on a partially-diluted basis.
Macquariehas acquired the shares for investment purposes only. Macquarie mayacquire additional securities if they become available at prices thatare attractive to Macquarie.
SOURCE: MACQUARIE GROUP