HLD Land Development Limited Partnership

January 19, 2010 21:29 ET

Daisy Mountain Acquisition Corp. Acquires HLD Land Development Limited Partnership

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2010) - Daisy Mountain Acquisition Corp. ("Daisy Mountain") and HLD Land Development Limited Partnership (the "Limited Partnership") (TSX VENTURE:HLD.UN.H) announce today that 4,678,507 units (the "Units") of the Limited Partnership have been validly deposited under Daisy Mountain's previously announced offer to purchase all of the Units for $0.15 per Unit (the "Offer"). Daisy Mountain has taken up and accepted for payment all of the Units validly deposited under the Offer, representing approximately 67.9% of the Limited Partnership's outstanding Units. Payment will be made to holders of Units who have validly deposited their Units under the Offer on or before January 21, 2010.

The Limited Partnership's units are listed on the NEX Exchange under the symbol HLD.UN.H.

Additional information concerning the Limited Partnership may be obtained on the SEDAR website at www.sedar.com, under the Limited Partnership's profile.

Forward-Looking Statements

This press release contains forward-looking statements, which are subject to certain risks, uncertainties and assumptions. A number of factors could cause actual results to differ materially from the results discussed in such statements, and there is no assurance that actual results will be consistent with them. Such forward-looking statements are made as at the date of this news release, and neither Daisy Mountain nor the Limited Partnership assumes any obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.

This press release does not constitute an offer to purchase or the solicitation of an offer to sell or exchange any securities of the Limited Partnership, nor shall there be any sale or exchange of securities in any jurisdiction (including the United States) in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction. Investors are cautioned that, except as disclosed in the takeover bid circular mailed in connection with the Offer, any information released or received with respect to the proposed transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Limited Partnership should be considered highly speculative.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Unitholders with questions or requests for a copy of the
    early warning report filed by Daisy Mountain in connection
    herewith may contact:
    Kingsdale Shareholders Services Inc. for the Offer: