TORONTO, May 15 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that
it has acquired common shares of Western Goldfields Inc (WGI). As a result of
the acquisition of such shares, K2 owns 6,838,326 common shares, representing
approximately 5.02% of the issued and outstanding common shares of WGI.
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 WGI through market
transactions, private agreements or otherwise.
For further information:
For further information: Dan Gosselin, The K2 Principal Fund L.P., (416)