Hunter Hall Investment Management Limited Announcement Regarding Ownership of common shares and Warrants of Catch the Wind Ltd.

SYDNEY, Australia, June 2, 2011 /CNW/ - Hunter Hall Investment Management Limited ("Hunter Hall") reported today that it currently holds, on behalf of a number of discretionary Australian investment funds (the "Funds") of which it is the investment manager, 22,743,659 common shares and warrants to purchase 5,074,679 common shares of Catch the Wind Ltd. ("Catch the Wind").  Such common shares and warrants, collectively, aggregate to approximately 32.5% of the outstanding common shares of Catch the Wind as of the date hereof (assuming exercise of the warrants).  Of that amount Hunter Hall Value Growth Trust fund beneficially owns 14,243,799 common shares and warrants to acquire 3,438,679 common shares or collectively 21.07% of the outstanding common shares (assuming exercise of the warrants).

The common shares and warrants were acquired by Hunter Hall on behalf of the Funds as follows: in May 2009, 12,500,000 common shares were acquired pursuant to a private placement by Catch the Wind; in April 2010, 1,175,000 common shares and warrants to acquire 587,500 common shares were acquired pursuant to a further private placement; between June and August, 2010, pursuant to applicable exemptions, 94,300 common shares were acquired through purchases on the TSX Venture Exchange; and in November 2010, 8,974,359 common shares and warrants to acquire 4,487,179 common shares were acquired pursuant to a further private placement.

All of the common shares and warrants acquired by Hunter Hall were acquired in the ordinary course of business as passive investments only and not for the purpose of influencing management or exercising control over Catch the Wind.

Hunter Hall continually reviews the investment portfolios of the Funds, and other funds that it manages, and may purchase additional common shares or sell common shares for investment purposes.

Hunter Hall has concurrently filed with the applicable Canadian security regulators an early warning report pursuant to applicable Canadian securities laws in respect of its control or direction over the common shares disclosed herein.

The issuance of this press release is not an admission that any entity named in this report owns (other than the Funds) or controls any securities or is a joint actor with another named entity.

 

SOURCE Hunter HallInvestment Management Limited

For further information:

Jeremy Freeman
Deputy Company Secretary
Hunter Hall Investment Management Limited
+612 8224 0328

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Hunter HallInvestment Management Limited

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