VANCOUVER, May 2 /CNW/ - Sky Ridge Resources Ltd. (NEX Board of TSXV:SYR.H) announces that it has been advised that Fiore Capital Corporation of 595 Burrard Street, Suite 3123, Vancouver, B.C. V7X 1J1 and Eclectic Trading Inc., of the same address have acquired 6,500,000 common shares in a private transaction representing 8.2% of the company's current outstanding capital.
Eclectic Trading Inc., Fiore Capital Corporation, Radcliffe Foundation, (organizations controlled by Frank Giustra) and Frank Giustra personally now hold a combined 41,750,000 common shares, 10,450,000 share purchase warrants and 2,000,000 stock options. Assuming the exercise of all of their warrants and options, the parties would own a total of 54,200,000 common shares which would represent approximately 59.0% of the outstanding shares of the Company. The Company is advised that the securities were acquired by Fiore Capital Corporation and Eclectic Trading Inc. for investment purposes. While the Frank Giustra controlled organizations do not currently have any intention to acquire further securities of the company, they may in the future acquire or dispose of securities of the Company, through the market or otherwise, as circumstances or market conditions warrant.
This document may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
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