TORONTO, Aug. 10 /CNW/ - SRM Global Master fund ("SRM") is pleased to
announce that it has acquired 850,000 of ordinary shares of Hudbay Minerals
Inc ("HBM"), a Winnipeg based company that mines and produces zinc, copper,
gold and silver.
SRM has acquired ownership of 850,000 of ordinary shares representing
approximately .67% of the presently issued and outstanding of ordinary shares.
This acquisition increases SRM's position in ordinary shares of HBM to
16,326,399 or approximately 12.84% of the presently issued and outstanding
ordinary shares of HBM.
The securities were acquired in multiple trades through the facilities of
the Toronto Stock Exchange. SRM has acquired the ordinary shares for
investment purposes, and may acquire further ordinary shares or dispose of its
holdings of ordinary shares both as investment conditions warrant. HBM is
listed on the Toronto Stock Exchange under the symbol "HBM".
SRM has its head office at Monte-Carlo Palace, 7 Boulevard des Moulins,
For further information:
For further information: Phillip Price, 00377 97 97 79 33