FORT WORTH, TX, Feb. 22 /CNW/ - Corriente Advisors L.L.C., the general
partner of Corriente Master Fund, L.P., announced today that in a series of
transactions terminating on February 15, 2008, Corriente Master Fund, L.P.
acquired beneficial ownership of 15,819,500 common shares (the "Shares") of
Blue Note Mining Inc. ("Blue Note"). The Shares acquired in connection with
the foregoing acquisition represent approximately 4.42% of the 358,165,000
issued and outstanding Shares as at the date hereof.
After giving effect to the acquisition of the Shares, Corriente Master
Fund, L.P. is the beneficial owner of 56,634,300 Shares, which represents
15.81% of the 358,165,000 Shares issued and outstanding as at the date hereof.
Corriente Advisors, L.L.C. is the general partner of Corriente Master Fund,
L.P. and, as such, has the power to exercise control and direction over the
securities of Blue Note beneficially owned by Corriente Master Fund, L.P.
The Shares were acquired through the facilities of the TSX Venture
Exchange for investment purposes. Corriente Master Fund, L.P. and its joint
actors may, from time to time, acquire additional securities of Blue Note,
dispose of some or all of the existing or additional securities they hold, or
may hold, or may continue to hold their current positions.
Corriente Advisors L.L.C. will be filing a report (as contemplated by
National Instrument 62-103 - The Early Warning System and Related Takeover Bid
and Insider Reporting Issues) in connection with its acquisition of the
For further information:
For further information: or to obtain a copy of such report, please
contact Mr. Chad Fahlberg, the Compliance Officer of Corriente Advisors,
L.L.C. at (817) 870-0455