TORONTO, July 25, 2012 /CNW/ - The K2 Principal Fund L.P. ("K2")
announced that it has acquired 20,150,000 common shares of Powertech
Uranium Corp. ("PWE"). As a result of the acquisition of such Shares
the Partnership now owns approximately 19.51% of the issued and
outstanding common shares of Powertech Uranium Corp (the "Common
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 PWE
through market transactions, private agreements or otherwise.
SOURCE: K2 Principal Fund L.P.
For further information:
The K2 Principal Fund L.P.