13:49:00 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Macarthur Minerals Ltd
Symbol MMS
Shares Issued 44,820,630
Close 2014-07-21 C$ 0.17
Market Cap C$ 7,619,507
Recent Sedar Documents

Macarthur investor acquires 11.2 million shares

2014-07-24 20:44 ET - News Release

Mr. Michael Halliday of the Halliday Family Trust reports

ACQUISITION OF SHARES OF MACARTHUR MINERALS LIMITED

The Halliday Family Trust of PO box 213216, Dubai, United Arab Emirates, pursuant to National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issues), acquired on July 24, 2014, ownership and control of 11.2 million ordinary shares of Macarthur Minerals Ltd.

The Macarthur shares were issued to the Halliday Family Trust as a private placement from treasury pursuant to a share subscription agreement with Macarthur. The purchase price for the 11.2 million Macarthur shares was $2.24-million (Australian) or 20 Australian cents per share. The purchase price is equal to $2,283,008 (Canadian) or approximately 20.4 Canadian cents per share, based on the Reserve Bank of Australia exchange rate on June 6, 2014.

As a result of this subscription and issuance, the Halliday Family Trust owns a total of 11.2 million Macarthur shares representing approximately 19.99 per cent of the total number of Macarthur shares currently issued and outstanding.

The Halliday Family Trust is a trust company, which is controlled directly by Michael Halliday as the trustee. The Halliday Family Trust's subscription was made for investment purposes. The Halliday Family Trust may or may not, in the future, acquire ownership and control over additional securities of the company for investment purposes, subject to applicable laws.

A copy of the early warning report relating to this transaction is available at SEDAR.

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