GRAND CAYMAN, June 20 /CNW Telbec/ - Firebird Global Master Fund II, Ltd.
("FGMF II") announces that on May 30, 2007, FGMF II acquired ownership of
1,858,621 Units ("Units") of Janina Resources Limited (TSX-V: JAN) ("Janina")
pursuant to a private placement. Each Unit consists of one common share and
one common share purchase warrant to acquire the same number of common shares
in the share capital of Janina for a period of 24 months. All securities
issued under the said private placement have a four month hold period expiring
on September 30, 2007.
The 1,858,621 Units represent 11.27% of the outstanding common shares of
Janina (or 20.26% assuming the exercise by FGMF II of the said warrants,
including the common shares deemed to be acquired pursuant to the exercise of
The Units were acquired for investment purposes. FGMG II may, from time
to time, acquire additional securities of Janina, may continue to hold its
present position or may dispose of its securities. FGMF II and certain joint
actors are currently considering participating in the next financing round of
FGMG II 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 FGMF II 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