LONDON, England, July 9 /CNW/ -Leo Fund Managers Limited ("Leo Fund") announced today that as at July 9, 2010, funds ("Funds") of which Leo Fund is the investment manager and has investment making powers acquired an additional 1,684,000 common shares ("Forsys Shares") of Forsys Metals Corp. through open market purchases on the Toronto and Frankfurt Stock Exchanges since February 2, 2010 at prices ranging from approximately C$1.53 to C$4.24. Such purchases represent an additional 2.06% of the outstanding Forsys Shares. Combined with the Forsys Shares previously held by the Funds, Leo Fund now has control or direction over a total of 14,235,000 Forsys Shares, representing approximately 17.94% of the total issued and outstanding Forsys Shares.
The Funds acquired the Forsys Shares for investment purposes. Leo Fund may in the future take such actions in respect of the holdings of the Funds as it may deem appropriate in light of the circumstances then existing, including the purchase of additional Forsys Shares through open market purchases or privately negotiated transactions or the sale of all or a portion of the Funds' holdings in the open market or in privately negotiated transactions to one or more purchasers.
SOURCE LEO FUND MANAGERS LIMITED
For further information: For further information: Leo Fund Managers Limited, Liscartan House, 127 Sloane Street, London, SW1X 9AS, United Kingdom, tel: +44 (0)207 824 5863, fax: +44 (0)207 730 2809, Attention: Richard Parkhouse