TSXV - PPZ
VANCOUVER, April 26 /CNW/ - Pacific Topaz Resources Ltd. (TSX-V: PPZ) (the "Company" or "Pacific Topaz") announces that it has filed its
first quarter financial statements ended February 28, 2011 on SEDAR and
confirms that as of April 26, 2011, the Company has paid the
outstanding liabilities. All of the previously announced private
placements have either been closed by the Company or the Company will
not be proceeding with any further amounts of previously disclosed
Pacific Topaz also announces that Radcliffe Foundation (a charitable organization controlled by Frank Giustra) has acquired
1,833,334 common shares of Pacific Topaz in a private transaction
representing approximately 2.72% of the issued and outstanding common
shares of Pacific Topaz (the "Acquisition").
As a result of the Acquisition described above, Frank Giustra, Radcliffe
Foundation and Fiore Arts and Collectibles Ltd. (a corporation owned
and controlled by Frank Giustra) ("the Offerors") hold in aggregate
8,500,000 common shares of Pacific Topaz representing 12.60% of the
issued and outstanding shares of Pacific Topaz.
The Offerors acquired the securities for investment purposes and have no
present intention to acquire further securities of Pacific Topaz,
although the Offerors may in the future acquire or dispose of
securities of Pacific Topaz, through the market, privately or otherwise
as circumstance or market conditions warrant.
ON BEHALF OF PACIFIC TOPAZ RESOURCES LTD.
Chief Financial Officer and Corporate Secretary
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
For further information:
Tel: (604) 609-6110