TORONTO, Jan. 14 /CNW/ - The K2 Principal Fund L.P. ("K2") announced
that it has acquired 3,823,500 common shares and 1,800,000 common
share purchase warrants (the "Warrants") to purchase up to 1,800,000
common shares of Tigris Uranium Corp. ("TU") at an exercise price of
$0.65 per share. The Warrants expire on July 1st, 2012. As a result of
the acquisition of such Shares and Warrants and assuming the exercise
of the Warrants in full, the Partnership would own 5,623,500 common
shares, representing approximately 11.86% of the issued and outstanding
common shares of Tigris Uranium Corp (the "Common Shares").
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 TU
through market transactions, private agreements or otherwise.
SOURCE K2 Principal Fund L.P.
For further information:
The K2 Principal Fund L.P.