TORONTO, September 13 /CNW/ - Pursuant to the "early warning" requirements of applicable British Columbia and Canadian securities laws, MLP Investments (Luxembourg), S.a r.l. ("MLP") has prepared this announcement of its acquisition of 3,000,000 units of Norsemont Mining Inc. (the "Company") in a private placement that closed earlier today. Each unit was acquired for a price of C$1.60 and consists of one common share of the Company and half of a warrant to purchase a common share of the Company at an exercise price of C$1.95 per common share (which warrants will expire 24 months after issuance).
Treating the shares underlying the warrants as common shares held by MLP, and assuming receipt of final approval from the TSX to own greater than a 10% interest, MLP's equity position would constitute 4,500,000 common shares or approximately 11.5% of the issued and outstanding common shares (including the shares underlying such warrants) of the Company.
The shares were acquired for investment purposes only and not with the purpose of influencing the control or direction of the Company. MLP may, subject to market conditions, make additional investments in or dispositions of shares or other securities of the Company in the future.
The investment manager of MLP is Millennium International Management LP, and the managing member of the general partner of such investment manager is Israel A. Englander; as a result either may be seen under applicable Canadian securities laws to be a joint actor with MLP and/or to have control over the shares of the Company owned by MLP. This release should not be seen as an admission of any such matters.
The registered address of MLP Investments (Luxembourg) S.a r.l. is 25B, boulevard Royal, L-2449 Luxembourg.