The K2 Principal Fund L.P. acquires common shares of Paramax Resources Ltd.

TORONTO, Sept. 15 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that it has acquired common shares of Paramax Resources Ltd. (PXM). As a result of the acquisition of such shares, K2 owns 4,770,000 common shares, representing approximately 10.54% of the issued and outstanding common shares of PXM.

The common shares were purchased by K2 in the open market on the Toronto Stock Exchange. K2 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, or exercise its current rights to acquire, common shares or other securities of PXM through market transactions, private agreements or otherwise.

%SEDAR: 00011079E

SOURCE K2 Principal Fund L.P.

For further information: For further information: Dan Gosselin, The K2 Principal Fund L.P., (416) 365-2155

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890