TORONTO, Dec. 20 /CNW/ - Geologic Resource Partners LLC ("Geologic")
announced today that in connection with purchases made during the months of
September 2007, October, 2007 and November 2007, whereby it purchased, for its
own account and on behalf of client accounts over which it has discretionary
trading authority, 78,500, 194,500 and 2,388,000 shares respectively,
representing an aggregate 2,661,000 common shares of Stingray Copper Inc.
("Stingray"). Prior to these purchases, Geologic owned 6,684,500 common shares
and 2,924,999 common share purchase warrants of Stingray. Geologic's total
holdings in Stingray as of today's date are 9,345,500 common shares and
2,924,999 common share purchase warrants representing approximately 19.90% of
the issued and outstanding shares of Stingray on a partially diluted basis.
This represents an increase in Geologic's holdings in Stingray of 5.02%
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