Cormark Securities Inc.

July 23, 2009 09:52 ET

Acquisition of Shares of Santoy Resources Ltd. by Cormark Securities Inc.

TORONTO, ONTARIO--(Marketwire - July 23, 2009) - Cormark Securities Inc. ("Cormark") announced today that it has acquired by way of exchange of securities under a plan of arrangement an aggregate of 28,000,002 common shares of Santoy Resources Ltd. ("Santoy"), which shares represent approximately 10.3% of the outstanding common shares of Santoy. Cormark has acquired the shares for investment purposes only and may acquire additional securities if they become available at prices that are attractive to it.

Cormark may, depending on market and other conditions, on an individual or joint basis, increase or decrease its beneficial ownership of common shares of Santoy, whether in the open market, by privately negotiated agreements, or otherwise.

Santoy Resources is changing its name to Virginia Energy Resources Inc. and consolidating its shares on a five (5) old for one (1) new share with effect as of July 24, 2009.

This press release is issued pursuant to National Instrument 62-103 - Early Warning System and Related Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of this report may be obtained by contacting Jeff Kennedy at 416-943-6401.

Contact Information

  • Cormark Securities Inc.
    Jeff Kennedy
    416-943-6401