Here is the news release you were talking about,
Bradstone Equity Partners acquires interest
Peruvian Gold Limited PVO
Shares issued 14,227,466 Nov 13 close $0.82
Fri 14 Nov 97 News Release
Mr Robert Atkinson reports
The company has acquired a 10% interest in Peruvian Gold.
Bradstone Equity Partners has purchased 1,424,500 shares over a number of
months and has, today, exceeded 10% of the outstanding shares of the
company. The shares were all purchased on the VSE at a cost, including
commission, of $1,275,697.
Bradstone Equity Partners has also reached an agreement to acquire an
additional 575,000 shares for a total holding of 1,999,500 shares or 14% of
the outstanding shares. The purchase was made for investment purposes.
Subject to any limitations or restrictions in applicable security
legislation, it is the company's intention to acquire additional shares.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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I know that a company or individual that obtains more than 10% of a company
must report it by law. It seems as though they quietly obtained 10% then
went and made a deal to buy another 4%. I don't know if they have inside
information but any time someone goes out and buys such a large chunk of
a company that can't be considered bad. I wonder if there are some takeover
plans in the works?
JW |
