News Column

Investments of Macquarie Group Limited in Minera IRL Ltd.

September 2, 2014



TORONTO, Sept. 2, 2014 /CNW/ - Macquarie Group Limited ("Macquarie") announces that, due to the recent acquisition of 26,000,000 equity call options, as compensation for services in connection with a pre-existing loan, it now has ownership of 4,340,048 common shares and 26,000,000 equity call options of Minera IRL Ltd ("Minera IRL"), each equity call option with a strike price of USD 0.176. Concurrently, warrants to acquire 18,786,525 common shares that were held by Macquarie were cancelled. To Macquarie's knowledge, this represents approximately 11.79% of the issued and outstanding shares of Minera IRL, on a partially-diluted basis.

Macquarie has acquired the shares for investment purposes only.  Depending on market and other conditions, Macquarie may change its beneficial ownership of, or potential deemed control or direction over, shares of Minera IRL through market transactions, private agreements, treasury issuances, exercise of options, convertible securities or otherwise.

SOURCE Macquarie Group Limited


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Source: Canada Newswire


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