NEWS NEWS NEWS!!SANTA CATALINA MINING CORP. - Adolf Lundin Purchases 5,500,000 Shares [41]
Canadian Market News from Market News Publishing, Tuesday, September 19, 2000 at 04:03
In accordance with the requirements of Section 111 of the Securities
Act (British Columbia), the undersigned, Adolf H. Lundin, announces that he
has purchased 5,500,000 shares of SANTA CATALINA MINING CORP. (the
"Company") at a price of $0.55 per shares pursuant to a private placement
transaction. The acquisition of these shares will add to the undersigned's
control position in the Company. The Company is a reporting company whose
shares are posted and listed for trading on the Canadian Venture Exchange
under the trading symbol "SLM".
Prior to the acquisition of shares, the undersigned owned 16,744,660
common shares of the Company or 25.68% of the issued capital. As a result
of this acquisition and on closing of the private placement transaction,
the undersigned will have beneficial ownership of, or the power to exercise
control or direction over 22,244,660 common shares of the Company,
representing 31.46% of the then issued and outstanding share capital.
As of the date hereof, the undersigned does not intend to further
increase his beneficial ownership of, or control or direction over, any of
the securities of the Company.
The above transaction was carried out privately and not through any
market. The undersigned did not act jointly or in concert with any persons
and acquired the securities for investment purposes. Subject to
availability, price, the general state of the capital markets and the
financial condition of the Company from time to time, the undersigned may
purchase or dispose o-f common shares of the Company.
TEL: (41-22)3117488 Adolf H. Lundin, Switzerland
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Companies or Securities discussed in this article:
Symbol
Name
CDNX:SLM
VSE:SLM
Santa Catalina Mining Corp.
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