TORONTO, July 10, 2012 /CNW/ - Credit Suisse Securities (Canada), Inc.
("CSSC") announces that it acquired 37,500 common shares ("Shares") of NiMin Energy Corp. ("NiMin") on July 6, 2012, which represents approximately 0.05% of the issued
and outstanding Shares of NiMin. Immediately following the
acquisition, CSSC held 6,999,700 Shares of NiMin, which represents
approximately 10.02% of the issued and outstanding Shares of NiMin.
CSSC acquired the Shares to offset risk as part of a broader client
transaction and not with the purpose of influencing the control or
direction of NiMin. CSSC may in the future, subject to market
conditions, make additional investments in or dispositions of NiMin's
securities for purposes of managing risk.
This press release serves as public disclosure of CSSC's holding of more
than 10% of the shares in a single company, in accordance with section
182.1 of the Securities Act (Alberta) and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting
NiMin is listed on the Toronto Stock Exchange under the symbol "NNN".
Credit Suisse Securities (Canada), Inc.
1 First Canadian Place
100 King Street West, Suite 2900
Canada M5X 1C9
SOURCE Credit Suisse Securities (Canada)
For further information:
Steven Vames at (212) 325-0932 or Jack Grone at (212) 325-2590