Investments of Macquarie Group Limited in Oro Gold Resources Ltd.
TORONTO, Dec. 18, 2009 (Canada NewsWire via COMTEX News Network) --
Macquarie Group Limited ("Macquarie") announces that, through Macquarie Bank Limited, a wholly-owned subsidiary of Macquarie, it owns 4,640,692 common shares of Oro Gold Resources Ltd. ("Oro"), due to a recent acquisition of 1,000,000 shares. Macquarie also holds 2,320,346 warrants to purchase an equivalent number of additional shares of Oro.
The above acquisition increases Macquarie's deemed beneficial share ownership in Oro to 6,961,038 common shares, representing, to Macquarie's knowledge, 11.03% of the issued and outstanding shares of Oro, on a partially-diluted basis.
Macquarie has acquired the shares for investment purposes only. Macquarie may acquire additional securities if they become available at prices that are attractive to Macquarie. |
