Electrum Strategic Holdings acquires common shares of Moto Goldmines Limited



    NEW YORK, April 27 /CNW/ - Electrum Strategic Holdings LLC ("Electrum")
announced that it has acquired ownership of 8,000,000 common shares of Moto
Goldmines Limited ("Moto") as part of Moto's recently completed prospectus
offering for the aggregate purchase price of $22,400,000, representing a
subscription price of $2.80 per share. After such acquisition, Electrum has
ownership and control of 14,967,300 common shares of Moto, which represent
14.19% of the issued and outstanding common shares of Moto.
    The common shares referred to above were acquired from Moto and were
acquired for investment purposes and Electrum and/or one or more of its
affiliates may, depending on market and other conditions, increase or decrease
its beneficial ownership of common shares or other securities of the Moto
whether in the open market, by privately negotiated agreement or otherwise.





For further information:

For further information: Electrum Strategic Holdings LLC is located at
1370 Avenue of the Americas, 19th Floor, New York, New York 10019

Organization Profile

ELECTRUM STRATEGIC RESOURCES LLC

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890