Darren. Now pacrim will go back up.
Block sale completed.
Bill
Pacific Rim completes Kinross block sale
Pacific Rim Mining Corp PMU
Shares issued 78,533,594 Dec 23 close $1.30
Wed 24 Dec 2003 News Release
Mr. Thomas Shrake reports
PACIFIC RIM MINING CORP.: KINROSS BLOCK SALE COMPLETED
Pacific Rim Mining has been advised by GMP Securities Ltd., of Toronto,
Canada, that it has completed a block sale of 17,606,049 of the company's
issued common shares, representing the entire Kinross shareholding (see
news in Stockwatch dated Dec. 12, 2003). GMP Securities has advised that
the majority of the shares were sold to institutional investors. Pacific
Rim management also participated in the purchase. To the best of the
company's knowledge there are no persons holding 10 per cnet or more of the
company's stock.
"We are very pleased that the Kinross shareholding was placed primarily
institutionally and the overhang in the market was cleared in a timely
manner," states Catherine McLeod-Seltzer, president. Tom Shrake, chief
executive officer, states, "The opportunity provided by the Kinross sale to
increase the company's institutional shareholder base is a positive
development as Pacific Rim pursues its corporate goals."
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com
Click here for company snapshot:
new.stockwatch.com
Click here for recent SEDAR documents:
new.stockwatch.com |
