TORONTO, Nov. 13 /CNW/ - Macquarie Group Limited ("Macquarie") announces that, through Macquarie Bank Limited, a wholly-owned subsidiary of Macquarie, it owns common shares and warrants of Explorator Resources, Inc. ("Explorator").
On November 6, 2009, Macquarie acquired ownership of 1,000,000 units in a private placement offering by Explorator, each unit consisting of one Explorator common share and one warrant that entitles the holder to purchase one Explorator common share. This acquisition, in addition to its pre-existing holdings of 6,333,333 common shares, causes Macquarie's deemed beneficial holdings to amount to 8,333,333 shares representing approximately 10.32% of Explorator's common shares, on a partially-diluted basis.
Macquarie has acquired these securities for investment purposes only. Macquarie may acquire additional securities if they become available at prices that are attractive to Macquarie.
SOURCE MACQUARIE GROUP
For further information: For further information: Stephen Yan at (212) 231-1310