Cinnamon Investments Limited

February 02, 2010 14:59 ET

CORRECTION FROM SOURCE: Cinnamon Investments Limited Announces Acquisition Of Common Shares of WGI Heavy Minerals, Incorporated

TORONTO, ONTARIO--(Marketwire - Feb. 2, 2010) - Cinnamon Investments Limited ("Cinnamon") has issued a correction from source with respect to the press release that was disseminated on January 22, 2010 at 3:11 pm ET.

The press release erroneously stated that Cinnamon and Patrick W.E. Hodgson, Cinnamon's controlling shareholder, own and have control of an aggregate of 3,111,000 common shares of WGI Heavy Minerals, Incorporated ("WGI") (TSX:WG), representing approximately 12.65% of the issued and outstanding common shares of WGI (based on 24,586,110 common shares of WGI issued and outstanding as at September 30, 2009, as reported by WGI, and without taking into account any common shares acquired by WGI pursuant to the normal course issuer bid announced by WGI on June 29, 2009, the results of which were announced on December 18, 2009). These figures have proven to be incorrect as a result of a calculation error. In actuality, Cinnamon and Patrick W.E. Hodgson own and have control of an aggregate of 3,098,500 common shares of WGI, representing approximately 12.60% of the issued and outstanding common shares of WGI (calculated on the same basis as above).

Cinnamon will be filing an amended and restated early warning report dated February 2, 2010, which will be available for review on WGI's profile on the SEDAR website at www.sedar.com.

The issuance of this press release is not an admission that Cinnamon owns or controls any of the common shares of WGI held by Patrick W.E. Hodgson.

Contact Information

  • For further information, or to obtain a copy of the amended
    and restated early warning report, please contact
    Cinnamon Investments Limited, Patrick W.E. Hodgson
    President
    (416) 975-9501