The Offeror has taken-up all of the Shares deposited under the Offer,
being 19,811,204 Shares, representing approximately 16.83% of the
issued and outstanding Shares. The consideration for the Shares
deposited under the Offer was
Waterton now has beneficial ownership of and exercises control or
direction over, 23,214,704 Shares, representing approximately 19.72% of
the issued and outstanding Shares.
In connection with this news release an early warning report will be
filed by Waterton in accordance with applicable securities laws. A copy
of the early warning report will be available for review at www.sedar.com.
Waterton is a leading mining-focused private equity fund dedicated to
developing high quality precious metals projects located in stable
jurisdictions. Waterton's cross-functional, fully-integrated, in-house
team of professionals have significant mining, financial and legal
expertise. Waterton's proactive approach to asset management,
significant sector knowledge and ability to leverage extensive industry
relationships has resulted in a strong track record of managing
investments in the precious metals sector.