Fidelity Purchases Shares of Wheaton River Minerals Ltd.
12/2/03
BOSTON, Dec 02, 2003 (Canada NewsWire via COMTEX) --
Fidelity Management &Research Company and Fidelity Management Trust Company, of 82 Devonshire Street, Boston, Massachusetts, USA, as well as Fidelity International Limited of 42 Crow Lane, Pembroke, Bermuda (hereinafter referred to as 'Fidelity') announce that certain fund accounts for which Fidelity serves as investment adviser have purchased 10,000,000 shares of Wheaton River Minerals Ltd.'s outstanding common stock. Fidelity has control but not ownership of these shares. As a result of the purchase, Fidelity holds 55,567,400 shares (or 11.56%) of Wheaton River Minerals Ltd.'s outstanding common stock and warrants convertible into common stock. Fidelity's purchase of Wheaton River Minerals Ltd.'s outstanding common stock was executed on the New York Stock Exchange.
Fidelity fund and trust account purchases have been made for investment purposes only and not with the purpose of influencing the control or direction of Wheaton River Minerals Ltd. The Fidelity funds and trust accounts may, subject to market conditions, make additional investments in or dispositions of securities of Wheaton River Minerals Ltd., including additional sales or purchases of shares of common stock. Fidelity does not, however, intend to acquire 20% of any class of the outstanding voting or equity securities of Wheaton River Minerals Ltd.
stockhouse.ca |
