TORONTO, June 3, 2011 /CNW/ -The K2 Principal Fund L.P. ("K2") announced
that it has acquired an additional 300,000 common shares of Typhoon
Exploration Inc. ("TYP"). As a result of the acquisition of such
shares, K2 now owns 2,837,100 common shares, representing approximately
14.72% of the issued and outstanding common shares of TYP.
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 TYP through market transactions, private agreements or
SOURCE K2 Principal Fund L.P.
For further information:
The K2 Principal Fund L.P.