British Swiss Investment Corporation

September 15, 2005 09:00 ET

British Swiss Investment Corporation: News Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 15, 2005) - British Swiss Investment Corporation and two investment partners (the "Investment Group") are announcing that they have acquired, through a series of private transactions, 7,500,000 common shares and 5,000,000 common share purchase warrants of Zaruma Resources Inc. ("Zaruma") (TSX:ZMR). Each common share purchase warrant is exercisable into one common share of Zaruma.

The common shares, together with the common shares issuable upon exercise of the common share purchase warrants, represent approximately 19.9% of the common shares of Zaruma. As a result of the acquisitions, the Investment Group now holds common shares and securities convertible into common shares representing approximately 19.9% of the common shares of Zaruma.

The common shares and common share purchase warrants of Zaruma were acquired for investment purposes and the Investment Group may add to their position holdings in Zaruma depending on market conditions and its views as to the prospects of the company. Specifically, the Investment Group has indicated its willingness to further invest in Zaruma provided that certain changes are made to the management of the company.

British Swiss Investment Corporation, with registered offices at 2800 - 666 Burrard Street, Vancouver, British Columbia, V6C 2Z7, has been an active early stage investor and manager in several copper companies such as Princeton Mining Corporation, Aurex Resources Inc., Cobre Mining Company Inc. and Mercator Minerals Ltd.

This press release is provided for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of Zaruma.

Contact Information

  • British Swiss Investment Corporation
    Mr. Mark Kucher
    (604) 687-4653