MONTREAL, Jan. 21 /CNW/ - Windermere Capital (Canada) Inc.
("Windermere"), a Montreal-based investment firm, announces that it had
increased its interest in Adventure Gold Inc. ("Adventure Gold" TSX-V:
AGE) since it last reported on SEDAR its control of common shares of
Adventure Gold ("Common Shares") and warrants to acquire Common Shares
("Warrants") as at September 30, 2010. Between October 1 and November
3, 2010, inclusively, Windermere acquired control over a net increase
of 1,717,500 Common Shares, representing approximately 3.28% of the
outstanding Common Shares as at November 3, 2010, assuming all Warrants
controlled or owned by Windermere were fully exercised. All such
Common Shares were purchased through the facilities of the Toronto
Stock Exchange at trade prices ranging between $0.305 and $0.365 per
As at November 3, 2010, Windermere controlled or directly owned a total
of 7,634,500 Common Shares and 2,681,830 Warrants, which represented in
the aggregate, if all such Warrants were fully exercised, approximately
19.69% of the outstanding Common Shares.
In addition to owning Warrants, Windermere controls Common Shares and
Warrants that are owned by two portfolios of an affiliated Cayman
Islands segregated portfolio company, namely, the Breakaway Strategic
Resource Segregated Portfolio and the US Capital Growth Segregated
The Common Shares purchased between October 1 and November 3, 2010 were
acquired for investment purposes. Following such purchases,
Windermere's intention was to purchase or sell Common Shares if it
considered market prices and conditions favourable, but, as at such
time and as at the date hereof, Windermere had and has no intention of
owning or controlling 20% or more of the outstanding Common Shares.
A copy of the early warning report related to this news release will be
filed forthwith on SEDAR (www.sedar.com).
SOURCE Windermere Capital (Canada) Inc.
For further information:
For a copy of such report or for further information, please contact:
Windermere Capital (Canada) Inc.
1001 boul. de Maisonneuve Ouest, #205
Montreal, Quebec H3A 3C8