MONTREAL, Jan. 1 /CNW Telbec/ - Blue Note Mining Inc. ("Blue Note") (TSX:
BN) announced its acquisition yesterday of 12,571,500 common shares of
Dynamite Resources Ltd. ("Dynamite"; TSX-V: DNR) representing approximately
11.09% of the total issued common shares of Dynamite. The Dynamite shares were
acquired on the TSX Venture Exchange for investment purposes at a price of
$0.10 per share. Combined with the Dynamite common shares previously owned,
Blue Note now owns a total of 13,762,500 common shares, representing
approximately 12.12% of the total issued common shares of Dynamite. Blue Note
acquired the 13,762,500 common shares at an average cost of approximately
$0.097 per share.
Blue Note acquired the common shares of Dynamite for investment purposes
and may take additional actions to enhance the value of its investment. Blue
Note may, depending on market and other conditions, acquire additional common
shares of Dynamite, through market transactions, private agreement or
otherwise. Blue Note may, depending on market or other conditions, sell any or
all of its common shares.
About Blue Note Mining Inc.
Blue Note Mining is a Canadian mining company headquartered in Montreal,
Quebec, with operations in Bathurst, New Brunswick. The company's shares trade
on the Toronto Stock Exchange under the symbol BN.
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that involve
risks and uncertainties. Although the company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ materially from expectations
include the effects of general economic conditions, actions by government
authorities, uncertainties associated with contract negotiations, additional
financing requirements, market acceptance of the Company's products and
competitive pressures. These factors and others are more fully discussed in
Company filings with Canadian securities regulatory authorities.
The TSX does not accept responsibility for the adequacy or accuracy of
this news release.
For further information:
For further information: on this press release, please contact: Vic
Alboini, Chairman, (416) 644-8110, email@example.com