TORONTO, Dec. 30, 2014 /CNW/ - Macquarie Group Limited ("Macquarie") announces that, due to the recent acquisition of 40,545,224 options, as compensation for services in connection with a loan, it now has ownership of 40,545,224 options of West African Resources Ltd ("West African Resources"), each warrant with a strike price of AUD 0.14. To Macquarie's knowledge, this represents approximately 13.04% of the issued and outstanding shares of West African Resources, on a partially-diluted basis.
Macquarie has acquired the shares for investment purposes only. Depending on market and other conditions, Macquarie may change its beneficial ownership of, or potential deemed control or direction over, shares of West African Resources Ltd through market transactions, private agreements, treasury issuances, exercise of options, convertible securities or otherwise.
SOURCE: Macquarie Group Limited
For further information: please contact Stephen Yan at 212.231.1310.