TORONTO, Sept. 11 /CNW/ - Geologic Resource Partners LLC ("Geologic")
announced today that in connection with purchases made during the months of
April 2007, May, 2007 and July 2007, it purchased, for its own account and on
behalf of client accounts over which it has discretionary trading authority,
6,281,900, 353,100 and 49,500 shares respectively, representing an aggregate
6,684,500 common shares of Stingray Copper Inc. ("Stingray"). There were 2
purchases made in April 2007. On the initial purchase on April 17, 2007,
Geologic purchased, on behalf of client accounts over which it has
discretionary trading authority, 5,850,000 units, comprising in the aggregate
5,850,000 common shares and, due to rounding, 2,924,999 common share purchase
warrants. Prior to these purchases, Geologic did not own any Stingray
securities. Geologic's total holdings in Stingray as of today's date are
6,684,500 common shares and 2,924,999 common share purchase warrants
representing approximately 14.88% of the issued and outstanding shares of
Stingray on a partially diluted basis.
Geologic has purchased these securities for investment purposes, and may
increase or decrease its beneficial ownership of securities of Stingray
depending upon future market conditions.
Geologic is an investment advisory firm specializing in precious metals,
industrial metals, and energy minerals equities.
For further information:
For further information: George Ireland, Chief Investment Officer, at