Cmp Mining Inc T.CMP.UN

RE: warrants and net asset value

[cab23pg19]

I think you are right.As of last friday,the net asset value was 17.90. or so.the shares today are getting close to the $12.00 exercise price.

My question is this.How much voting control does laxey have to force cmp to switch from a closed end fund to an open end fund,and thereby bringinging out the full value.

CMP Gold Trust
Symbol	C : CMP.UN
Shares Issued	4,197,977
Close 2010-08-12	C$ 10.77
Recent Sedar Documents View Original Document

CMP Gold investor Laxey buys 10,000 units

2010-08-13 15:17 ET - News Release

Mr. Michael Allison reports

FUNDS MANAGED BY LAXEY PARTNERS LTD. ACQUIRE UNITS OF CMP GOLD TRUST FOR INVESTMENT PURPOSES

Laxey Partners Ltd., on behalf of LACMA Ltd., LACV Ltd., LPAlternative LP, LP Value Ltd., Laxey Universal Value LP, Sprugos Investments XII LLC and the Value Catalyst Fund Ltd., has acquired through the facilities of the Toronto Stock Exchange 10,000 units of CMP Gold Trust at an average price of $10.5406 per unit. Each unit consists of one trust unit and one Series A warrant of CMP.

As a result of this acquisition, the funds now hold 424,700 units representing approximately 10.12 per cent of the total outstanding units of CMP.

Laxey holds these units, on behalf of the funds, under its discretionary management, for investment purposes only and not with the purpose of influencing the control or direction of the CMP. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future