SYDNEY, Australia, June 2, 2011 /CNW/ - Hunter Hall Investment
Management Limited ("Hunter Hall") reported today that it currently
holds, on behalf of a number of discretionary Australian investment
funds (the "Funds") of which it is the investment manager, 22,743,659
common shares and warrants to purchase 5,074,679 common shares of Catch
the Wind Ltd. ("Catch the Wind"). Such common shares and warrants,
collectively, aggregate to approximately 32.5% of the outstanding
common shares of Catch the Wind as of the date hereof (assuming
exercise of the warrants). Of that amount Hunter Hall Value Growth
Trust fund beneficially owns 14,243,799 common shares and warrants to acquire 3,438,679 common shares or collectively 21.07% of the outstanding common shares (assuming exercise
of the warrants).
The common shares and warrants were acquired by Hunter Hall on behalf of
the Funds as follows: in May 2009, 12,500,000 common shares were
acquired pursuant to a private placement by Catch the Wind; in April
2010, 1,175,000 common shares and warrants to acquire 587,500 common
shares were acquired pursuant to a further private placement; between
June and August, 2010, pursuant to applicable exemptions, 94,300 common
shares were acquired through purchases on the TSX Venture Exchange; and
in November 2010, 8,974,359 common shares and warrants to acquire
4,487,179 common shares were acquired pursuant to a further private
All of the common shares and warrants acquired by Hunter Hall were
acquired in the ordinary course of business as passive investments only
and not for the purpose of influencing management or exercising control
over Catch the Wind.
Hunter Hall continually reviews the investment portfolios of the Funds,
and other funds that it manages, and may purchase additional common
shares or sell common shares for investment purposes.
Hunter Hall has concurrently filed with the applicable Canadian security
regulators an early warning report pursuant to applicable Canadian
securities laws in respect of its control or direction over the common
shares disclosed herein.
The issuance of this press release is not an admission that any entity
named in this report owns (other than the Funds) or controls any
securities or is a joint actor with another named entity.
SOURCE Hunter HallInvestment Management Limited
For further information:
Deputy Company Secretary
Hunter Hall Investment Management Limited
+612 8224 0328