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Brazilian Gold Corporation BGOZF



GREY:BGOZF - Post by User

Bullboard Posts
Post by slamdanceon Nov 15, 2003 5:27pm
151 Views
Post# 6655429

Bolivar shares acquired by Dundee

Bolivar shares acquired by DundeeWallbridge, Bolivar, FNX shares acquired by Dundee - ( this post is courtesy of stockchick on another message board ). OWNERSHIP IN BOLIVAR GOLD CORPORATION, WALLBRIDGE MINING COMPANY LIMITED & FNX MINING COMPANY INC. In accordance with regulatory requirements, Dundee Wealth Management has disclosed that accounts managed by Dynamic Mutual Funds Ltd., an indirect subsidiary of Dundee Wealth, have acquired a total of 2,447,900 common shares of Bolivar Gold and a total of 1,018,100 common shares of FNX Mining in the open market. This represents an approximate 2.6-per-cent interest in Bolivar and an approximate 2.2-per-cent interest in FNX, on an undiluted basis. Subsidiaries, affiliates and associates of Dundee Wealth now hold or exercise control or direction over a total of 15,368,600 common shares and 6,406,725 warrants of Bolivar, representing an approximate 18.3-per-cent interest on an undiluted basis and a total of 8,216,400 common shares of FNX, representing an approximate 17.6-per-cent interest. Assuming the conversion of all warrants held by subsidiaries, affiliates and associates of Dundee Wealth, subsidiaries, affiliates and associates of Dundee Wealth would hold or exercise control or direction over an approximate 24-per-cent interest in Bolivar and an approximate 17.6-per-cent interest in FNX. CMP 2003 Resource LP, the general partner of which is a subsidiary of Dundee Wealth, acquired 2,110,924 common shares of Wallbridge Mining. These shares were acquired under a private placement at 66 cents per share and represent an approximate 6-per-cent interest in Wallbridge. Subsidiaries, affiliates and associates of Dundee Wealth now hold or exercise control or direction over 5,410,924 common shares and 38,721 warrants of Wallbridge, representing an approximate 15.3-per-cent interest in Wallbridge on an undiluted basis. Assuming the conversion of all warrants held by subsidiaries, affiliates and associates of Dundee Wealth, subsidiaries, affiliates and associates of Dundee Wealth would hold or exercise control or direction over an approximate 15.4-per-cent interest in Wallbridge. The above securities held by subsidiaries, affiliates or associates of Dundee Wealth or over which subsidiaries, affiliates or associates of Dundee Wealth exercise control or direction are held for investment purposes. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future.
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