VANCOUVER, Feb. 16 /CNW/ - Ross J. Beaty, of 1500 - 625 Howe Street,
Vancouver, British Columbia, V6C 2T6, today announced pursuant to National
Instrument 62-103 The Early Warning System and Related Take-Over Bid and
Insider Reporting Issues that on February 13, 2009 Mr. Beaty indirectly
acquired ownership and control of 16,760,000 common shares of Amerigo
Resources Ltd. ("Amerigo") by way of a private placement of units (each, a
"Unit") for aggregate consideration of CDN$4,692,800, or CDN$0.28 per Unit.
Each Unit is comprised of one common share and one share purchase warrant of
Amerigo. As a result of this acquisition, Mr. Beaty owns, directly or
indirectly, a total of 26,003,500 common shares representing approximately
19.68% of the total number of common shares currently outstanding.
In addition, Mr. Beaty holds, directly and indirectly, warrants to
acquire an additional 16,760,000 common shares of Amerigo. If all such
warrants are exercised, Mr. Beaty would exercise ownership and control,
directly or indirectly, over a total of 42,763,500 common shares of Amerigo,
which represents approximately 28.72% of the 148,875,944 issued and
outstanding common shares of Amerigo.
Mr. Beaty's acquisition was made for investment purposes. Mr. Beaty may,
in the future, acquire ownership and control over additional securities of
Amerigo for investment purposes.
Mr. Beaty is not currently a party to any agreement in respect of the
acquisition, holding, disposition or voting of any securities of Amerigo.
Other than Kestrel Holdings Ltd., a company which is wholly-owned by Mr.
Beaty, Mr. Beaty does not own or control any securities of Amerigo with, nor
is Mr. Beaty a joint actor with, another entity.
For further information:
For further information: or to obtain a copy of the subject early
warning report, please contact: Ross J. Beaty, 1500 - 625 Howe Street,
Vancouver, British Columbia, V6C 2T6, Telephone: (604) 684-1175, Facsimile: