CAYMAN ISLANDS, June 19 /CNW Telbec/ - Firebird Global Master Fund II,
Ltd. ("FGMF2") announces that on April 18, 2009, its joint actor acquired
ownership of 2,857,142 common shares of Canada Fluorspar Inc. (TSX-V: CFI)
(the "Issuer") pursuant to a private placement of 3,100,142 common shares and
2,178,452 common shares issued on a "flow-through" basis (the "Private
Placement Offering"). The 2,857,142 common shares of the Issuer (the "New
Common Shares") were acquired by Firebird Global Master Fund, Ltd. ("FGMF") at
a price of $0.35 per share, for an aggregate consideration of $999,999.70.
Upon closing of the Private Placement Offering, FGMF2's and its joint
actor's security holding percentage in the Issuer had increased by 3.27% since
the last report dated June 16, 2009.
The aggregate number of securities of the Issuer held by FGMF2 and its
joint actor is 10,768,254 common shares, distributed as follows: FGMF2 holds
7,111,112 common shares and FGMF holds 3,657,142 common shares. The 10,768,254
common shares currently held by FGMF2 and its joint actor represent
approximately 16.15% of the currently outstanding common shares of the Issuer.
The New Common Shares are subject to a hold period expiring on October
The New Common Shares were acquired for passive investment purposes.
FGMF2 and its joint actor may, from time to time, acquire additional
securities of the Issuer, may continue to hold their present position or may
dispose of their securities.
FGMF2 is a contrarian portfolio equity fund that invests in markets
throughout the world.
This press release is being issued in order to comply with the disclosure
requirements under applicable securities legislation. This press release is
not an admission that FGMF2 owns or controls any described securities or is a
joint actor with anyone else.
For further information:
For further information: Mr. James Passin, Director, Firebird Global
Master Fund II, Ltd., (212) 698-9260, firstname.lastname@example.org