Wednesday, May 7, 2008
Viet Nam Resource Investments (Holdings) Limited ("VRI") announced that it has today acquired 10,000 common shares of Keeper Resources Inc. (TSXV: KEE) ("Keeper"). On April 4, 2008, Keeper announced that VRI agreed to make an all cash offer to acquire all of the issued and outstanding common shares of Keeper on a fully diluted basis at a price of $1.50 per share by way of a take-over bid. KR Acquisition Corp. ("KAC"), an indirect wholly-owned subsidiary of VRI, mailed the formal documents in connection with the offer to security holders of Keeper on April 16, 2008.
The highest price paid per share purchased today was C$1.48. The average price paid per share purchased during the course of KAC's acquisition of Keeper to date is C$1.48.
The aggregate number of Keeper shares purchased by VRI, including purchases made today, is 927,100. As a result of today's transaction, VRI now owns a total of 927,100 common shares of Keeper, or 2.87% of the common shares of Keeper.
VRI is an investment fund managed by Dragon Capital Management Limited ("Dragon Capital"). Funds managed by Dragon Capital currently own 6,687,100 shares of Keeper (including today's purchase by VRI), which represents approximately 20.7% of Keeper's issued and outstanding common shares. Dragon Capital is a part of a financial group focused on Viet Nam. The Group's investment management arm is the country's largest dedicated portfolio investor. The group is known both within Viet Nam and international financial circles as one of the premier Vietnam-focused financial institutions.
Tuesday, 6 May 2008
Vietnam Resource Investments (Holdings) Limited Acquires Shares of Keeper Resources Inc.
Labels:
Dragon Capital,
invesment fund