This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Appian Acquires Additional Shares Of Red Eagle Mining Ltd.

VANCOUVER, Sept. 3, 2013 /CNW/ - On 30 th August, 2013, Appian Natural Resources Fund LP (" Appian") acquired ownership and control of 3,535,000 common shares (the " Shares") of Red Eagle Mining Ltd. (" Red Eagle "). The Shares were acquired at a price of $0.20 per Share pursuant to a share purchase agreement dated 30 th August, 2013 between Appian and the seller. This acquisition resulted in a change in beneficial ownership of such Shares. Immediately after the acquisition and as at 30 th August, 2013, Appian beneficially owned, or exercised control and direction over, an aggregate of 8,989,545 shares of Red Eagle, representing approximately 15.3% of the outstanding shares of Red Eagle (based upon the 58,567,818 common shares stated to be issued and outstanding as of 31 st March, 2013 by Red Eagle in its management's discussion and analysis for the three months ended 31 st March, 2013 and filed on SEDAR on 30 th May, 2013).

The Shares were acquired for investment purposes. Depending on the development of Red Eagle's business, financial condition, the market for Red Eagle's securities, general economic conditions and other factors, Appian may acquire additional shares of Red Eagle, or sell some or all of the shares it holds, in the open market, by private agreement or otherwise.

An early warning report will be filed by Appian in accordance with applicable securities laws and will be available under Red Eagle's profile on the SEDAR website at

Michael Scherb, General Partner of Appian Capital Advisory LLP, commented: "We are delighted to increase our ownership in Red Eagle and to support management in the development of the company, in particular the continued accelerated development of the Santa Rosa gold project in Colombia. This is in line with Appian's strategy to provide long term financial and operating support in the development or redevelopment of mining projects."

Ian Slater, CEO of Red Eagle, stated: "We are very pleased that Appian has continued to support Red Eagle and to show its commitment to the development of our company through this further investment. We look forward to strengthening our relationship and benefiting from their cornerstone shareholding and strategic advice."

About Appian Natural Resources Fund LP

Appian Natural Resources Fund is a metals and mining private equity fund providing long-term capital to both private and public mining companies. Appian's senior management, with a presence in London, Johannesburg and Melbourne, are a combination of major mining company, private equity and mining investment banking professionals who have collectively built and managed 60+ mines and transacted around $200 billion worth of transactions. Appian's principal tenet is to provide both long-term capital and operating skills to companies, partnering with management with the aim of developing assets into production, or ramping up existing production, to realise full value potential.

SOURCE Appian Capital Advisory LLP

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.79 0.10%
FB $101.98 0.07%
GOOG $682.32 -0.12%
TSLA $150.99 0.35%
YHOO $27.04 1.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs