TORONTO, June 25, 2013 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that it has acquired common shares of Rainy River Resources Ltd. (RR). As a result of the acquisition of such shares, K2 owns 5,157,700 common shares, representing approximately 5.16% of the issued and outstanding common shares of RR.
The common shares were purchased by K2 in the open market on the TSX Venture 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 RR through market transactions, private agreements or otherwise.
SOURCE: K2 Principal Fund L.P.
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The K2 Principal Fund L.P.