Wildcat Silver investor Diamond Hill owns 13.73%
2011-06-21 20:31 ET - News Release
Mr. Stuart Angus of Diamond Hill reports
Diamond Hill Investment Corp., of 595 Burrard St., Suite 2600, Three Bentall Centre, Vancouver, B.C., pursuant to National Instrument 62-103, on June 17, 2011, acquired ownership and control of 4.54 million common shares of Wildcat Silver Corp., pursuant to the exercise by Diamond Hill of 4.54 million warrants of Wildcat at 50 cents per share. The shares purchased on the exercise of the warrants represent, in total, approximately 3.6 per cent of the 125,915,131 issued and outstanding common shares of Wildcat on June 17, 2011.
As a result of this acquisition of common shares, Diamond Hill now exercises ownership and control over a total of 17,287,000 shares of Wildcat, which in total represent approximately 13.73 per cent of the 125,915,131 issued and outstanding common shares of Wildcat on June 17, 2011.
R. Stuart Angus, a principal shareholder of the offeror and a director of Wildcat, also holds directly 1.45 million shares of Wildcat and 588,000 stock options of Wildcat, exercisable between 33 cents and $1.81, which expire between Dec. 18, 2011, and June 14, 2016.
Diamond Hill's acquisition was made for investment purposes. Diamond Hill may, in the future, acquire ownership and control over additional securities of Wildcat for investment purposes.
Diamond hill has filed a report on SEDAR pursuant to National Instrument 62-103 (early warning report). A copy of the report can be obtained from SEDAR.
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