TORONTO, Feb. 12, 2013 /CNW/ - Geologic Resource Partners LLC, for its
own account and on behalf of client accounts over which it has
discretionary trading authority ("Geologic"), announced today that it
purchased on January 16, 2013, 2,307,692 common shares (the "Shares")
and 1,153,846 common share purchase warrants (the "Warrants") of Atico
Mining Corporation ("Atico"). Each Warrant entitles the holder to
purchase an additional Share at a price of $0.90 per Share until July
16, 2014. Prior to this purchase, Geologic, owned 3,000,000 Shares.
As well, during the month of January, 2013, Geologic sold 500,000
Shares of Atico. Geologic's total holdings in Atico as of January 31,
2013 is 4,807,692 Shares and 1,153,846 Warrants. Assuming the
conversion of the Warrants, Geologic would hold and control 5,961,538
Shares representing approximately 11.44% of the issued and outstanding
shares of Atico on a partially diluted basis.
Geologic has exclusive control over all of the securities but does not
Geologic has purchased these securities for investment purposes, and may
increase or decrease its investment in the securities of Atico
depending upon future market conditions.
Geologic is an investment advisory firm specializing in precious metals,
industrial metals, and energy minerals equities.
SOURCE: Geologic Resource Partners LLC
For further information:
For further information or to obtain a copy of the report contact: John Kanellitsas, Chief Operating Officer, at (617) 424-9900.