TORONTO, March 28, 2014 /CNW/ - Jing Bao (Asia) Limited ("Jing Bao") announced that it has acquired ownership of an aggregate of 4,750,000 common shares of Reservoir Minerals Inc. ("Reservoir Minerals") representing approximately 10% of Reservoir Minerals' issued and outstanding common shares, as known by Jing Bao. The common shares were acquired by Jing Bao in a series of transactions through the facilities of the TSX Venture Exchange and a recent private placement at a price per common share ranging between Cdn$2.72 and Cdn$7.23.
Jing Bao has purchased these securities for investment purposes. Depending on market conditions, Jing Bao will increase or decrease its investment in the securities of Reservoir Minerals.
Jing Bao is an investment company specializing in the commodity and natural resources arena.
This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues which requires a report to be filed under the company's profile on SEDAR (www.sedar.com) containing additional information respecting the foregoing matters. For further information or to obtain a copy of the report, please contact:
Jing Bao (Asia) Limited
Bank of America Tower
Suite 1004 – 10th floor
12 Harcourt Road, Central
SOURCE: Jing Bao (Asia) Limited
For further information: Anita Wu, Communications Officer, (852) 2434 0608, www.jingbao.asia