CALGARY, Sept. 27, 2013 /CNW/ - Ross Smith Asset Management Inc. ("RSAM") announced that an investment fund it manages and advises, the Ross Smith Opportunities Fund ("RSOF"), has acquired 6,394,500 common shares (the "Shares") of Rockgate Capital Corp. ("Rockgate") since a take-over bid for all of the outstanding shares of Rockgate was filed by Denison Mines Corp. with the Canadian securities regulatory authorities on September 19, 2013. The Shares were acquired through the facilities of the Toronto Stock Exchange.
As a result of the acquisition of the Shares, RSOF now beneficially owns and RSAM exercises control and direction over 6,394,500 shares of Rockgate, representing approximately 5.47% of the 116,897,470 issued and outstanding shares as of June 30, 2013 as per Rockgate's audited annual financial statements.
RSOF acquired the Shares for investment purposes only and may, depending on market conditions and other factors, increase or decrease its beneficial ownership, control or direction over shares or other securities of Rockgate through market transactions, private agreements or otherwise.
SOURCE: Ross Smith Asset Management Inc.
For further information:
Chief Investment Officer
Ross Smith Asset Management Inc.
155, 601-10th Avenue S.W.