Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (205830)	11/7/2011 9:25:03 AM
From: Veteran98	Read Replies (1) \| Respond to of 312968

ADM.. Andina Minerals holder Sun Valley boosts holdings Andina Minerals Inc (C:ADM) Shares Issued 110,521,087 Last Close 11/4/2011 $0.91 Friday November 04 2011 - News Release Ms. Linda Kish of Sun valley reports SUN VALLEY GOLD LLC: CONTROL AND DIRECTION OVER COMMON SHARES AND WARRANTS OF ANDINA MINERALS INC. Sun Valley Gold LLC has acquired control and direction over 12.5 million units of Andina Minerals Inc. on behalf of client accounts, including the Sun Valley Gold Master Fund Ltd., over which it has discretionary trading authority. The Units were acquired as part of a private placement by the issuer of a total of 18.75 million units for a subscription price of 80 per unit. Each unit consists of one common share of the issuer and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $1 per share until Nov. 2, 2012. Of the 12.5 million units over which Sun Valley acquired control and direction in the private placement, 9,375,000 are beneficially owned by the Master Fund. Following completion of the private placement, Sun Valley exercises control and direction over an aggregate of 18,007,392 Common Shares and 8,400,000 warrants for and on behalf of client accounts. The 18,007,392 Common Shares over which Sun Valley exercises control and direction represent approximately 13.93% of the issued and outstanding Common Shares. If exercised, the 8,400,000 warrants to purchase Common Shares would, together with the 18,007,392 Common Shares over which Sun Valley exercises control and direction, represent approximately 19.18% of the issued and outstanding Common Shares (after giving effect to the exercise of such warrants, but not the exercise of any other warrants issued by Andina). The Master Fund beneficially owns 12,644,430 of the Common Shares and 6,043,600 of the warrants described in the preceding paragraph. The 12,644,430 Common Shares beneficially owned by the Master Fund represent 9.78% of the issued and outstanding Common Shares. If exercised, the 6,043,600 warrants beneficially owned by the Master Fund would, together with the 12,644,430 Common Shares beneficially owned by the Master Fund, represent approximately 13.81% of the issued and outstanding Common Shares (after giving effect to the exercise of such warrants, but not the exercise of any other warrants issued by Andina). The sole shareholders of the Master Fund are Sun Valley Gold International, Ltd., of which Sun Valley is the Investment Manager, and Sun Valley Gold, L.P., of which Sun Valley is the General Partner. Sun Valley manages investment accounts for the Master Fund, and has discretionary trading authority over the securities of Andina issued to the Master Fund. The securities of Andina were acquired for investment purposes. Sun Valley and the Master Fund may increase or decrease their ownership of securities of Andina depending upon future market conditions.