Jeffrey Randle Ward and Miriam Ramos Ward Revocable Trust

October 15, 2008 11:53 ET

Acquisition of Shares of Metallic Ventures Gold Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2008) - Jeffrey Randle Ward and Miriam Ramos Ward Revocable Trust (the "Acquiror") announced its purchase today of 4,124,230 common shares of Metallic Ventures Gold Inc. (the "Company") in a private transaction at a price of Cdn$0.26 per share. The purchased shares represent approximately 7.9% of the outstanding common shares of the Company. Jeffrey Ward and Miriam Ward have beneficial ownership of, and control and direction over, the Acquiror and Ward Family Investments LLC ("Investments"), which owns 11,301,113 common shares of the Company. The October 15 purchase by the Acquiror brings the combined holdings of the Acquiror and Investments to 15,425,343 common shares of the Company, representing approximately 29.7% of the outstanding common shares. The purchase was made for investment purposes. The Acquiror is continually in discussions regarding a possible additional private purchase of common shares of the Company for investment purposes, although the number of shares involved and whether the purchases will take place or not have not yet been determined. Jeffrey and/or Miriam Ward, or entities controlled by them, may make further purchases or sales of common shares of the Company or take other actions with respect to the purchased shares in the future as circumstances may warrant.

Contact Information

  • Jeffrey Ward
    (505) 314-4495