GRAND CAYMAN, Nov. 27 /CNW/ - This press release is being published in
relation to a change in material facts regarding the securityholding
percentage in Devonshire Resources Ltd. (formerly: Ripple Lake Diamonds Inc.)
("Devonshire") (DEV-TSXV) of Firebird Global Master Fund, Ltd. ("FGMF") that
had not previously been disclosed.
FGMF announces that on June 15, 2007, 1,111,112 warrants to acquire the
same number of common shares in the share capital of Devonshire held by FGMF
expired without being exercised. Immediately after this expiry, FGMF's
securityholding percentage in Devonshire decreased by 7.58% since the last
Alternative Monthly Report filed on July 6, 2005.
FGMF currently holds 222,223 common shares in the share capital of
Devonshire (after giving effect to a ten for one consolidation of Devonshire's
common shares), representing 6.08% of the outstanding common shares of
Devonshire immediately after the expiry of the warrants and as of the date
FGMF may, from time to time, acquire additional securities of Devonshire,
may continue to hold its present position or may dispose of its shares.
FGMF 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 owns or controls any described securities or is a
joint actor with anyone else.
For further information:
For further information: or to obtain a copy the report of acquisition,
contact: Mr. James Passin, Director, Firebird Global Master Fund, Ltd., (212)