GRAND CAYMAN, Nov. 27 /CNW/ - This press release is being published in
relation to a change in material facts regarding the securityholding
percentage in Tsodilo Resources Limited ("Tsodilo") (TSD-TSXV) of Firebird
Global Master Fund, Ltd. ("FGMF") that had not previously been disclosed.
FGMF announces that on March 4, 2007, 217,391 warrants to acquire the
same number of common shares in the share capital of Tsodilo held by FGMF
expired without being exercised. Immediately after this expiry, FGMF's
securityholding percentage in Tsodilo decreased by 3.55% since the last
Alternative Monthly Report filed on March 10, 2006.
FGMF currently holds 1,875,630 common shares and 319,108 warrants to
acquire the same number of common shares in the share capital of Tsodilo
representing 13.95% of the outstanding common shares of Tsodilo immediately
after the expiry of the warrants, and 13.28% as of the date hereof. In
addition, assuming the exercise by FGMF of the above-mentioned warrants,
FGMF's total security holding in the share capital of Tsodilo would be
2,194,738 common shares representing approximately 15.95% of the outstanding
common shares of Tsodilo (including the common shares deemed to be acquired
pursuant to the exercise of warrants) immediately after the expiry, and 15.19%
as of the date hereof.
FGMF may, from time to time, acquire additional securities of Tsodilo,
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)