Centaurus Capital LP

February 25, 2010 17:01 ET

Centaurus Capital LP Acquires Shares of Corriente Resources Inc.

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2010) - Centaurus Capital LP ("Centaurus") announces that on February 22 and 23, 2010, through funds it manages, it acquired control of 923,300 common shares of Corriente Resources Inc. ("Corriente") representing approximately 1.2% of the issued and outstanding common shares of Corriente. The total number of common shares of Corriente controlled by Centaurus, through funds it manages, together with all persons and companies acting jointly or in concert with Centaurus, is now 4,449,992, representing approximately 5.91% of the issued and outstanding common shares of Corriente. Centaurus acquired all of its common shares of Corriente since the announcement of the proposed take-over of Corriente by CRCC-Tongguan Investment (Canada) Co., Ltd. on December 28, 2009. Centaurus acquired 2,960,271 common shares of Corriente since the formal commencement of the take-over bid on February 1, 2010.

Centaurus acquired the common shares in the open market through the facilities of the Toronto Stock Exchange. Centaurus Capital acquired the common shares for investment purposes only. Centaurus may, depending on market and other conditions, acquire or sell further common shares from time to time for such investment purposes.

Centaurus Capital is a private investment management company with an emphasis on Europe. We manage assets by selectively investing capital on the basis of a rigorous bottom-up fundamental approach. As part of our flexible multi-strategy approach, we make investments in equity and credit securities of companies that are undergoing significant corporate events or are experiencing other major changes.

Contact Information

  • Centaurus Capital LP
    Paul Leary
    Chief Operating Officer
    +44 (0) 20 7852 3830
    +44 (0) 20 7852 3850 (FAX)
    33 Cavendish Square, London, United Kingdom