PERTH, Western Australia, June 15 /CNW/ - Mantra Resources Limited ('Mantra' or 'the Company') (ASX: MRU, TSX: MRL) advises that the Company's largest shareholder, Highland Park S.A. ('Highland Park'), has distributed, in specie, part of its security holding in Mantra to a number of non-key investors in Highland Park. This follows an internal restructuring by Highland Park.
The key investors in Highland Park, who are the original founders and former executives of LionOre Mining International Limited, remain wholly supportive of the Mantra strategy and its management team and thus Mantra securities were not distributed to these investors. Highland Park will continue in its role as a strategic investor and significant supporter of the Company.
The distribution to certain non-key investors in Highland Park has resulted in the distribution of 2,876,067 shares and 1,572,582 $2.20 unlisted options, expiring on 30 June 2011, to these investors. As a result of the distribution, Highland Park's shareholding is 16,162,915 shares and 3,332,661 $2.20 unlisted options expiring on 30 June 2011.
SOURCE MANTRA RESOURCES LIMITED
For further information: For further information: Enquiries: Peter Breese, Chief Executive Officer, Tel: +27 82 888 6852