CALGARY, April 11 /CNW/ - Ross Smith Capital Group L.P. ("Ross Smith
Capital") announced that it has acquired an additional 272,000
non-voting redeemable preferred shares (the "Preferred Shares") of
Continental Minerals Corporation ("Continental") for total
consideration of $771,789. As a result of the acquisition of such
shares, Ross Smith Capital owns 2,178,000 Preferred Shares,
representing approximately 17.45% of the issued and outstanding
Preferred Shares of Continental.
The Preferred Shares of Continental were acquired through the facilities
of the TSX Venture Exchange during the period from February 8, 2011 to
April 8, 2011 at an average price of CDN $2.84 per Preferred Share.
Ross Smith Capital acquired the securities for investment purposes only
and may, depending on market and other conditions, increase or decrease
its beneficial ownership, control or direction over, shares or other
securities of Continental through market transactions, private
agreements or otherwise.
SOURCE Ross Smith Capital Group L.P.
For further information:
please contact Weston Pring, Chief Investment Officer of Ross Smith Capital, at (403) 294-6893.
Ross Smith Capital Group L.P.
400, 407 8th Avenue SW