VANCOUVER, Dec. 17, 2012 /CNW/ - Cannon Point Resources Ltd. (the "Company") (TSXV:CNP) announces that Radcliffe Foundation (a charitable organization
controlled by Frank Giustra) acquired 1,750,000 common shares of the
Company representing 5.11% of the issued and outstanding shares of the
Company. The Company has been advised that Frank Giustra, Radcliffe
Foundation and Radcliffe Corporation (a corporation owned and
controlled by Frank Giustra) hold an aggregate of 5,123,500 common
shares 175,000 stock options and 992,000 share purchase warrants
representing 14.96% of the issued and outstanding shares and 17.76% on
a partially diluted basis.
Radcliffe Foundation acquired the securities for investment purposes and
has no present intention to acquire further securities of the Company,
although it may in the future, acquire or dispose of securities of the
Company through the market, privately or otherwise, as circumstances or
market conditions warrant.
On behalf of the Board of
Cannon Point Resources Ltd.
Chief Executive Officer & Director
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 NEWS
SOURCE: Cannon Point Resources Ltd.
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