VANCOUVER, Sept. 17 /CNW/ - Minerals Corporation Limited of Wuhan Iron and Steel (Group) ("WISCO") announced that on September 17, 2009, it has acquired 6,533,688 common shares (the "Shares") of Consolidated Thompson Iron Mines Limited (TSX: CLM) ("CLM"), constituting approximately 2.88% of the issued and outstanding shares of CLM. WISCO now has beneficial ownership and control over 45,214,711 shares of CLM, which represents approximately 19.935% of the issued and oustanding shares of CLM.
The Shares were acquired by way of private placement for an aggregate subscription price of Cdn $28,748,227.20 or Cdn $4.40 per share. The Shares were acquired for investment purposes only. WISCO may increase or decrease its beneficial ownership of CLM's securities depending on future economic or market conditions.
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SOURCE MINERALS CORPORATION LIMITED OF WUHAN IRON AND STEEL (GROUP) (WISCO)
For further information: For further information: Minerals Corporation Limited of Wuhan Iron and Steel (Group), Department of Resources Development, No. 107, Jiansheliulu, Qingshan District, Wuhan City, Hubei, China, 430080