Business
Mega Precious Metals Acquires Shares of Rolling Rock Resources
Mega Precious Metals Acquires Shares of Rolling Rock Resources
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nMega Precious Metals Acquires Shares of Rolling Rock Resources\n\n\n Dec. 23, 2009 (Filing Services Canada) -- Mega Precious Metals Inc.  (MGP - TSX Venture), announced today that it acquired ownership of 8,000,000 common shares of Rolling Rock Resources Corporation (\"Rolling Rock\") (representing approximately 17.3% of the outstanding common shares of Rolling Rock) at an aggregate price of $1,272,960 in cash, or $0.15912 per share.  The shares were purchased from Kinross Gold Corporation (\"Kinross\") pursuant to a share sale agreement (the \"Share Sale Agreement\") between Mega and Kinross. The purchase was completed in accordance with the terms of the Share Sale Agreement. Mega acquired the common shares of Rolling Rock for the purpose of potentially establishing a business relationship with Rolling Rock.  Mega intends to review its holding in Rolling Rock on a continuing basis and may increase or decrease its holding of securities of Rolling Rock in the future.  Any such increase or decrease will depend on various factors, including, among other things, the price and availability of securities of Rolling Rock, subsequent developments affecting Rolling Rock or its business, other available business opportunities, general stock market and economic conditions, tax considerations and required regulatory approvals.Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with sufficient cash to carry out all planned exploration programs on properties in Northwestern Ontario, Nunavut and the Yukon.  Mega is committed to an accelerated growth strategy, and is backed by a team of experienced mining experts and a strong financial position.  Mega is poised for rapid expansion through quick response to new opportunities and changes in the market.  Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.For further information and presentation material, please review the Mega website at www.megapmi.com.For further information (including obtaining a copy of the early warning report filed under applicable securities legislation), please contact:Mega Precious Metals Inc.Jim Rogers, President and Chief Executive OfficerO: 807-766-3380 TF: [email protected] InformationCertain statements in this ...