MM Asset Management Inc.

October 26, 2007 18:20 ET

MM Asset Management Inc. Acquired Control Over Common Shares of Golden China Resources Corporation

TORONTO, ONTARIO--(Marketwire - Oct. 26, 2007) - MM Asset Management Inc. ("MMAM") announced that one fund it manages and advises, MMCAP International Inc. SPC ("MMCAP") has acquired 381,000 common shares (the "Shares") of Golden China Resources Corporation ("Golden China") since a take-over bid for all of the outstanding common shares was filed by Sino Gold Mining (Canada) Ltd. with the securities regulatory authorities on October 24, 2007. The Shares were acquired through the facilities of the Toronto Stock Exchange. MMCAP now beneficially owns and MMAM exercises control and direction over 3,997,258 Shares, representing approximately 6.4395% of the outstanding common shares of Golden China based on 62,073,879 outstanding common shares as reported by Golden China.

MMCAP has acquired the Golden China common shares for investment purposes only. Depending on market conditions and other factors, MMCAP may from time to time acquire additional securities of Golden China or dispose of such securities in the open market, by private agreement or otherwise.

Contact Information

  • MM Asset Management Inc.
    Matthew MacIsaac
    (416) 408-0997