CALGARY, Jan. 27 /CNW/ - Ross Smith Capital Group L.P. ("Ross Smith
Capital") announced that it has acquired an additional 309,200
non-voting redeemable preferred shares (the "Preferred Shares") of
Continental Minerals Corporation ("Continental") for total
consideration of $765,338. As a result of the acquisition of such
shares, Ross Smith Capital owns 1,650,300 Preferred Shares,
representing approximately 13.22% of the issued and outstanding
Preferred Shares of Continental.
The Preferred Shares were acquired through the facilities of the TSX
Venture Exchange during the period from November 3, 2010 to January 26,
2011 at an average price of CDN $2.48 per Preferred Share. Ross Smith
Capital acquired the securities for investment purposes only and may,
depending on market and other conditions, increase or decrease its
beneficial ownership, control or direction over, shares or other
securities of Continental through market transactions, private
agreements or otherwise.
SOURCE Ross Smith Capital Group L.P.
For further information:
Weston Pring, Chief Investment Officer of Ross Smith Capital, at (403) 294-6893
Ross Smith Capital Group L.P.
400, 407 8th Avenue SW