ROTTERDAM, Netherlands, May 22, 2013 /CNW/ - Vitol Holding B.V.
("Vitol") today announced that its wholly-owned indirect subsidiary
Vitol Energy (Bermuda) Ltd, acquired ownership of 5,000,000 common shares ("Common Shares") of
Sterling Resources Ltd. (TSXV:SLG) ("Sterling"), representing
approximately 1.62% of the issued and outstanding Common Shares.
As a result of this transaction, Vitol controls 48,490,923 Common
Shares, representing approximately 15.72% of the issued and outstanding
The Common Shares were acquired through the facilities of the TSX
Venture Exchange for the average purchase price of C$0.65 per Common
Share. The Common Shares were acquired for investment purposes and
Vitol and/or one or more of its affiliates, depending on market and
other conditions, may from time to time increase or decrease its
holdings of Common Shares or other securities of Sterling.
A copy of the early warning report being filed by Vitol with the
applicable securities regulators will be available on SEDAR (www.sedar.com).
SOURCE: Vitol Holding B.V.
For further information:
or to obtain a copy of the early warning report filed under applicable securities laws, please contact: Andrea Schlaepfer, telephone: +44(0)207973 4200.