Jeffrey Randle Ward and Miriam Ramos Ward Revocable Trust

October 21, 2008 17:44 ET

Acquisition of Shares of Metallic Ventures Gold Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2008) - Jeffrey Randle Ward and Miriam Ramos Ward Revocable Trust (the "Acquiror") announced its purchase today of 9,447,861 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 18.2% 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 in combination owned 15,425,343 common shares of the Company prior to today's purchase. Today's purchase brings the combined holdings of the Acquiror and Investments to 24,873,204 common shares of the Company, representing approximately 47.8% of the outstanding common shares. The purchase was made for investment purposes and to provide the Acquiror and Investments with greater influence as shareholders of the Company. The Acquiror, Jeffrey and/or Miriam Ward or entities controlled by them have no current intention of acquiring more common shares of the Company, but they may in future make further purchases or sales of common shares of the Company or take other actions with respect to the purchased shares as circumstances may warrant.

Contact Information

  • Jeffrey Ward
    (505) 314-4495