DDJ Overseas Corp. Acquires Shares of Mountain Province Mining Inc.GEORGE TOWN George Town, town (1989 pop. 12,921), capital of the Cayman Islands, in the West Indies. It is a major offshore banking and business center, and many companies have subsidiaries there because of the tax advantages. , Grand Cayman Grand Cayman See Cayman Islands. , B.W.I.--(BUSINESS WIRE)--Nov. 22, 1996-- DDJ DDJ Dr. Dobb's Journal DDJ Data Dependent Jitter DDJ Dell Disc Jockey (Mp3 Player) Overseas Corp. acquired, by private placement, on October 10, 1996, 300,000 Special Warrants issued by Mountain Province Mining Inc. (the "Company"). Each Special Warrant is exercisable on or before the earlier of October 10, 1997 or five business days after the date on which the last of the receipts for the Company's final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. qualifying distribution of the Units (as defined below) is issued by the appropriate securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . Any Special Warrants not exercised prior to such earlier date will be deemed to be exercised in full. The Special Warrants are exercisable into one Unit consisting of one Common share of the Company and one-half of one Common share purchase Warrant. Each whole Common share purchase Warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to acquire an additional Common share at a price of $5.75 on or before December 31, 1997. Subsequent to the private placement DDJ Overseas Corp. acquired an additional 179,100 Common shares of the Company through open market transactions. As at October 10, 1996, DDJ Overseas Corp. held 1,891,750 Common shares of the Company, (including the 450,000 Common shares relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Special Warrants), which, together with the 179,100 Common shares acquired by it in subsequent market purchases, the 489,650 Common shares held on October 10, 1996 by The Copernicus Fund, L.P., a Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. limited partnership, that is managed by an entity under common control with the manager of DDJ Overseas Corp., the 46,300 Common shares acquired in subsequent market purchases by The Copernicus Fund, L.P., and Kepler Overseas Corp., another affiliated investment fund, and the 75,000 Common shares held on October 10, 1996 by the portfolio manager for the foregoing funds, aggregates 2,681,000 Common shares or 12.39 percent of the issued Common shares of the Company (assuming the 450,000 Common shares relating to the Special Warrants have been issued). DDJ Overseas Corp. and the other investment entities set forth above acquired these securities as an equity investment in the Company in pursuit of specified investment objectives established by each of such entity's investors. DDJ Overseas Corp. and such other investment entities may continue to purchase shares of the Company subject to a number of factors, including, among others, the availability of shares for sale at what it considers to be reasonable prices and other investment opportunities that may be available. CONTACT: DDJ Overseas Corp. Amy Furman, 809/949-6770 |
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