Interesting would you not say?
Rio Novo investor Coralbrook now holds 49.88% of shares
2012-09-21 17:10 ET - News Release
Mr. Marco Moherdaui reports
CORALBROOK LTD. ACQUIRES ORDINARY SHARES OF RIO NOVO GOLD INC.
Coralbrook Ltd. has acquired 4,907,509 ordinary shares of Rio Novo Gold Inc. or approximately 4.33 per cent of Rio Novo's issued and outstanding ordinary shares. After giving effect to the acquisition, Coralbrook owns or has control or direction over a total of 56,469,384 ordinary shares of Rio Novo, representing approximately 49.88 per cent of Rio Novo's issued and outstanding ordinary shares. The acquisition was a private transaction for a cash purchase price of 24.25 cents per share.
The ordinary shares were acquired for investment purposes, and Coralbrook may in the future increase or decrease its investment in Rio Novo depending on market conditions and other relevant factors.
An early warning report will be filed on SEDAR and will be available for review at the SEDAR website under Rio Novo's profile.