/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR
DISSEMINATION IN THE UNITED STATES/
MONTREAL, Feb. 21 /CNW Telbec/ - Sentient Global Resources Fund I, LP
("Sentient LP") and Sentient Global Resources Trust No. 1 ("Sentient Trust")
announce that they have acquired 821,757 units and 178,243 units of Norsemont
Mining Inc. ("Norsemont"), respectively, representing approximately 1.72% and
0.37% of the outstanding common shares of Norsemont. Each unit consists of one
common share and one half of one whole share purchase warrant. One whole
warrant entitles Sentient LP and Sentient Trust to purchase one additional
common share of Norsemont at a price of $3.50 per share at any time until the
close of business up to two years from the date of issue of the warrants.
Sentient LP currently owns 4,725,104 common shares of Norsemont,
representing approximately 9.89% of the outstanding common shares of
Norsemont, and 924,476 common share purchase warrants. In the event all of the
warrants are fully exercised, these holdings would represent approximately
11.6% of the outstanding common shares of Norsemont, calculated on a partially
diluted basis assuming the exercise of warrants issued to Sentient LP only.
The acquisition of Norsemont units was carried out for general investment
purposes. Sentient LP and Sentient Trust may, from time to time, make
additional investments in or otherwise trade in Norsemont securities or
dispose of such securities, subject to market conditions.
For further information:
For further information: Sue Bjuro, Sentient Executive G.P. I, Limited,