Longview Capital Partners Acquires Securities of Lions Gate Metals
Longview Capital Partners Inc., on November 25, 2009, acquired ownership of 97,000 common shares of Lions Gate Metals Inc., which represents approximately 0.92 per cent of the total issued and outstanding common shares of LGM as of Nov. 25, 2009.
As a result of this transaction, Longview holds, an aggregate of 2,827,937 common shares of LGM representing 27 per cent of the issued and outstanding shares of LGM, and rights to acquire an additional 1,099,137 common shares of LGM upon exercise of certain convertible securities.
In the event that the convertible securities are fully exercised, the holdings of Longview would represent a total of 3,927,074 common shares of LGM, or approximately 33.9 per cent of all issued and outstanding common shares as at Nov. 25, 2009, calculated on a partially diluted basis assuming the exercise of the convertible securities only.
This transaction was made for investment purposes and Longview could increase or decrease its investments in LGM depending on market conditions or any other relevant factor.