Kevin Douglas Announces Acquisition of Common Shares and Warrants of North American Tungsten Corporation Ltd.

LARKSPUR, CA, April 1 /CNW/ - Kevin Douglas (trustee of K&M Douglas Trust) of 125 E. Sir Francis Drake Blvd., Suite 400, Larkspur, California, 94939, has announced today that he acquired, through or on behalf of K&M Douglas Trust, Douglas Family Trust, James E. Douglas III, and Douglas Irrevocable Descendants Trust (the "Acquiring Entities"), control and direction over common shares of North American Tungsten Corporation Ltd. ("NTC") such that he now has control and direction over 27,823,500 common shares representing approximately 11.90% of the issued and outstanding common shares of NTC. Kevin Douglas also acquired, through or on behalf of the Acquiring Entities, control and direction over 3,000,000 warrants. Each of such warrants entitles the Acquiring Entities to subscribe for and purchase an aggregate of approximately 3,000,000 common shares of NTC, which together with other previously acquired warrants would result in Kevin Douglas having control and direction over 32,823,500 common shares representing approximately 13.74% of the issued and outstanding common shares of NTC. The common shares and warrants were purchased pursuant to a private placement at the price of Cdn. $3,000,000. The common shares and warrants were acquired in the ordinary course of the Acquiring Entities' investment activities. Kevin Douglas, through or on behalf of the Acquiring Entities, may purchase or sell securities of NTC in the future on the open market or in private transactions, depending on market conditions and other factors material to their investment decisions.

For further information:

Tim McGaw at (415) 526-2202 or tmcgaw@dougtel.com

Organization Profile

Kevin Douglas

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890