1599597 Ontario Inc.

June 20, 2011 08:00 ET

1599597 Ontario Inc. Amends Press Release Dated June 16, 2011

TORONTO, ONTARIO--(Marketwire - June 20, 2011) - 1599597 Ontario Inc. (the "Purchaser") announced today that it has amended its previously issued press release dated June 16, 2011 regarding the purchase of additional shares of Ursa Major Minerals Incorporated (the "Company"). It was previously announced that on June 15, 2011 the Purchaser acquired 6,642,000 common shares (the "Shares") of the Company and the right to vote these Shares at the upcoming annual and special meeting of the Company. The Purchaser would like to clarify that on June 15, 2011 the Purchaser acquired 6,642,000 shares, but only acquired the right to vote for 5,645,000 of the Shares at the upcoming meeting.

As a result of the acquisition, the Purchaser owns an aggregate of 11,642,000 shares, representing approximately 14.7% of the total outstanding shares of the Company, and the Purchaser has the right to vote 10,645,000 shares at the upcoming meeting, representing approximately 13.4% of the total outstanding shares of the Company.

The Purchaser acquired the Shares in the ordinary course of business for investment purposes and may, from time to time, acquire additional securities of the Company or dispose of such securities as it may deem appropriate. The Shares were purchased through the facilities of the Toronto Stock Exchange.

Contact Information

  • Mr. Wesley J. Hall
    416.867.4550