Prior to entering into the Silver Point Acquisition, none of the Silver Point Entities owned any Rusoro Shares. Following completion of the Silver Point Acquisition, Silver Point will have control or direction over approximately 19.47% of the issued and outstanding Rusoro Shares, with DOIP owning approximately 5.22% and SPCP owning approximately 14.25%.
Closing of the Silver Point Acquisition is conditional upon, among other things, Fulcrum having ownership of the Rusoro Shares.
DOIP and SPCP are acquiring the Acquired Shares for investment purposes and may increase or decrease their ownership of Rusoro Shares, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including their respective evaluation of the business, prospects and financial condition of Rusoro, the market for Rusoro's securities, general economic and tax conditions, and other factors.
Additional Early Warning Disclosure
By virtue of acquisition by DOIP and SPCP of the Acquired Shares, the Silver Point Entities are required to file an early warning report pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be filed on Rusoro's SEDAR+ profile at www.sedarplus.ca. For further information, or to obtain a copy of the corresponding early warning report please contact Todd Forgarty at 212-521-4854.
Rusoro is listed on the
SOURCE
© Canada Newswire, source