Consul-Teck Exploration Miniere Inc.

April 08, 2009 22:00 ET

Consul-Teck Announces an Acquisition of Shares

VAL-D'OR, QUEBEC--(Marketwire - April 8, 2009) - Consul-Teck Exploration Miniere Inc. (hereinafter, "Consul-Teck"), announces that it has acquired during the period ranging from March 16th to March 25th, 2008 directly on the market 1,724,000 common shares of International Kirkland Minerals Inc. (TSX VENTURE:IKI) (hereinafter, "Kirkland") (hereinafter, the "Common Shares"), for a total consideration of $49,900. On a non-diluted basis, this holding represents 8.32% of the Common Shares in the share capital of Kirkland as of April 8th 2009. On a diluted basis, assuming the exercise of 150,000 stock warrants of Kirkland held by Consul-Teck's allies, his holdings would be of 8.26% of the Common Shares issued and outstanding of Kirkland as of April 8th 2009.

As of this day, and after giving effect to the acquisition of 1,724,000 Common Shares of Kirkland, Consul-Teck directly and indirectly holds 3,603,400 Common Shares of Kirkland. On a non-diluted basis, Consul-Teck currently holds 17.40% of the Common Shares of Kirkland issued and outstanding as of April 8th 2009. On a diluted basis, assuming the exercise of 150,000 stock warrants of Kirkland held by Consul-Teck's allies, he would hold 17.99% of the Common Shares of Kirkland issued and outstanding as of April 8th 2009.

The Common Shares of Kirkland are listed on the TSX Venture Exchange under the symbol IKI.

The Kirkland securities held by Consul-Teck, either directly or through allies, are for investment purposes. These investments shall be reviewed periodically and the holdings of Consul-Teck may be increased or decreased in the future, as deemed appropriate.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Consul-Teck Exploration Miniere Inc.
    Jean-Sebastien Lavallee
    819-824-2425
    819-824-2443 (FAX)