TORONTO, Feb. 23 /CNW/ - Libra Advisors, LLC ("Libra") announced today
that Libra Fund, L.P. and Libra Offshore Master Fund, L.P. have
acquired a total of 2,000,000 common shares at a price of CDN $0.18 per
share of St. Eugene Mining Corporation Limited ("St. Eugene Mining").
As a result of this acquisition and together with previously held
securities of St. Eugene Mining, Libra Fund, L.P., Libra Offshore
Master Fund, L.P. and Libra Fund II (Luxembourg) S.àr.l. (collectively,
the "Funds") now own 9,050,000 common shares, representing
approximately 7.6% of the total outstanding common shares of St. Eugene
Mining and 3,525,000 warrants of St. Eugene Mining that, if exercised,
together represent approximately 10.3% of the total outstanding common
shares of St. Eugene Mining.
The Funds acquired the common shares for investment purposes and may,
from time to time, acquire additional securities of St. Eugene Mining
or dispose of such securities as it may deem appropriate.
Libra is the investment advisor to the Funds and maintains its principal
office at 777 Third Avenue, 27th Floor, New York, New York 10017.
SOURCE Libra Advisors, LLC
For further information:
Mr. Ranjan Tandon, Managing Member, at (212) 350-5125