Shares Outstanding; 363 Million
Symbol & Exchange: BN-TSX
MONTREAL, Feb. 11 /CNW Telbec/ - Blue Note Mining reports that it has
disposed of its 12.12% interest in Dynamite Resources Ltd.
Blue Note sold 13,762,500 shares at a price of $0.115 between January 29
and February 4, 2009. Blue Note had acquired its position in Dynamite at an
average cost of $0.097 per share and realized an 18.66% gross profit on the
transaction. The company no longer owns any shares of Dynamite.
Blue Note had acquired the shares for investment purposes and possible
Blue Note Mining is a Canadian mining company headquartered in Montreal
with operations in Bathurst, New Brunswick. The company's shares trade on the
TSX 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: Lorne Woods, Vice President Investor Relations,
Blue Note Mining, (800) 937-3095, firstname.lastname@example.org;