March 28, 2013
/CNW/ - Wexford Capital LP ("
") announced today that on
March 27, 2013
Wexford Spectrum Trading Limited ("
") and Wexford Catalyst Trading Limited ("
", and together with WST, the "
"), two private investment funds managed by Wexford, acquired 173,110,175 common shares of Marlin Gold Mining Ltd.
"), representing 45.57% of
issued and outstanding common shares ("
"). The Shares were acquired pursuant to
rights offering (the "
") as described in the final long form prospectus of
February 6, 2013
, at a price of
Following completion of the Rights Offering, the Wexford Funds beneficially hold, directly or indirectly, 274,558,726
Shares and 17,045,500
February 17, 2014
"), representing 73.46% of
issued and outstanding Shares on a partially diluted basis. Immediately prior to the completion of the Rights Offering, the Wexford Funds owned, directly or indirectly, 101,448,551 Shares and 17,045,500 Warrants. The Shares were acquired to increase the ownership interest of the Wexford Funds in
. The Wexford Funds may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of
For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the Rights Offering, please see
profile on the SEDAR website
About Wexford Capital LP
Wexford is an SEC registered investment advisor based in
of assets under management. Wexford has particular expertise in the energy/natural resources sector with actively managed investments in coal, oil and gas exploration and production, energy services, mining and related sectors.
Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.