Vitol Announces Acquisition of Common Shares of Sterling

ROTTERDAM, Netherlands, May 22, 2013 /CNW/ - Vitol Holding B.V. ("Vitol") today announced that its wholly-owned indirect subsidiary Vitol Energy (Bermuda) Ltd, acquired ownership of 5,000,000 common shares ("Common Shares") of Sterling Resources Ltd. (TSXV:SLG) ("Sterling"), representing approximately 1.62% of the issued and outstanding Common Shares.

As a result of this transaction, Vitol controls 48,490,923 Common Shares, representing approximately 15.72% of the issued and outstanding Common Shares.

The Common Shares were acquired through the facilities of the TSX Venture Exchange for the average purchase price of C$0.65 per Common Share. The Common Shares were acquired for investment purposes and Vitol and/or one or more of its affiliates, depending on market and other conditions, may from time to time increase or decrease its holdings of Common Shares or other securities of Sterling.

A copy of the early warning report being filed by Vitol with the applicable securities regulators will be available on SEDAR (www.sedar.com).

SOURCE: Vitol Holding B.V.

For further information:

or to obtain a copy of the early warning report filed under applicable securities laws, please contact: Andrea Schlaepfer, telephone: +44(0)207973 4200.

Profil de l'entreprise

Vitol Holding B.V.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.