TORONTO, May 30, 2011 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that it has acquired common
shares of Lion Energy Corp. ("LEO"). As a result of the acquisition of
such shares, K2 owns 8,650,500 common shares, representing
approximately 10.04% of the issued and outstanding common shares of
The common shares were purchased by K2 in the open market on the TSX
Venture Exchange. K2 acquired the securities for investment purposes
only and may, depending on market and other conditions, increase or
decrease its beneficial ownership, control or direction over, or
exercise its current rights to acquire, common shares or other
securities of LEO through market transactions, private agreements or
SOURCE K2 Principal Fund L.P.
For further information:
The K2 Principal Fund L.P.