Glazer Capital, LLC

August 20, 2010 17:00 ET

Glazer Capital, LLC Acquires Shares of Monterey Exploration Ltd.

NEW YORK, NEW YORK--(Marketwire - Aug. 20, 2010) - Glazer Capital, LLC ("Glazer"), through the funds that it manages, announces that on August 19, 2010 it acquired control of 61,000 common shares of Monterey Exploration, Ltd. ("Monterey") for total consideration of C$498,632 (or approximately C$8.1743 per common share) representing approximately 0.13% of the issued and outstanding common shares of Monterey. This brings the total common shares of Monterey controlled by Glazer, and all persons and companies acting jointly or in concert with Glazer, to 2,302,000, which represents approximately 5.03% of the issued and outstanding common shares of Monterey. Glazer has acquired all of its common shares of Monterey since the commencement of the take-over bid.

The common shares of Monterey were purchased by Glazer in the open market through the facilities of the Toronto Stock Exchange. Glazer acquired the securities for investment purposes only and may, depending on market and other conditions, increase or decrease their beneficial ownership, control or direction over common shares or other securities of Monterey through market transactions, private agreements or otherwise.

Glazer Capital, LLC is located on 623 Fifth Ave Suite 2502, New York, NY 10022. For a copy of the Early Warning Report, please contact David Barlow at (212) 808-7308 or visit Monterey's profile at

Contact Information

  • For a copy of the Early Warning Report:
    Glazer Capital, LLC
    David Barlow
    (212) 808-7308