SCOTTSDALE, AZ, June 12, 2012 /CNW/ - Cupric Canyon Capital LP ("Cupric") announced today that as at June 12, 2012, it had acquired ownership of an additional 2,434,800 common shares of Hana Mining Ltd. ("Hana"), representing approximately 2.45% of the 99,493,597 issued and outstanding common shares of Hana, as known by Cupric. The common shares were acquired through the facilities of the TSX Venture Exchange and other public Canadian exchanges.
After giving effect to the acquisition, Cupric owns and controls a total of 18,459,310 common shares, representing approximately 18.55% of the issued and outstanding shares of Hana.
The common shares of Hana were acquired by Cupric for investment purposes. Subject to availability, price, the general state of the capital markets and the financial condition of Hana from time to time, Cupric may purchase or sell securities of Hana.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor have they approved nor disapproved the content thereof.
For further information:
Cupric Canyon Capital LP
7377 E. Doubletree Ranch Road, Suite A-180
Scottsdale, Arizona, USA 85258
Telephone: (480) 607-6771
Fax: (480) 603-0504
Attention: Lowell A. Shonk