FORT WORTH, TX, Feb. 8 /CNW/ - Corriente Advisors L.L.C., the general
partner of Corriente Master Fund, L.P., announced today that on February 7,
2008, Corriente Master Fund, L.P. acquired beneficial ownership of 300,000
common shares (the "Shares") of Coalcorp Mining Inc. ("Coalcorp"). The Shares
acquired in connection with the foregoing acquisition represent approximately
0.33% of the 89,657,707 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 9,200,800 Shares, which represents
10.26% of the 89,657,707 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 Coalcorp beneficially owned by Corriente Master Fund, L.P.
The Shares were acquired through the facilities of the Toronto Stock
Exchange for investment purposes. Corriente Master Fund, L.P. and its joint
actors may, from time to time, acquire additional securities of Coalcorp,
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. James Haddaway, the Chief Financial Officer of Corriente Advisors,
L.L.C. at (817) 870-1560. Corriente Advisors, L.L.C., 201 Main Street, Suite
1800, Fort Worth, TX, 76102