Halliday Family Trust

November 16, 2015 17:00 ET

Disposition of Shares of Macarthur Minerals Limited

DUBAI, UNITED ARAB EMIRATES--(Marketwired - Nov. 16, 2015) - The Halliday Family Trust of P.O. Box 213216, Dubai, United Arab Emirates, today announced pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that today it disposed of 16,200,000 ordinary shares (the "MMS Shares") of Macarthur Minerals Limited ("MMS" or the "Company") representing all of the MMS Shares held.

The MMS Shares were sold to arm's length parties pursuant to private agreements at a price per MMS Share of CDN$0.02 for aggregate gross proceeds of $324,000.

After giving effect to these transactions, the Halliday Family Trust owns nil MMS Shares and 5,000,000 warrants of the Company.

The Halliday Family Trust is a trust company, which is controlled directly by Michael Halliday as the trustee. The Halliday Family Trust's disposition was made for financial planning purposes. The Halliday Family Trust may or may not, in the future, acquire ownership and control over additional securities of the Company for investment purposes, subject to applicable laws.

A copy of the early warning report updating changes in material fact disclosed previously in an early warning report dated July 24, 2014, is available at www.sedar.com.

Contact Information

  • Michael Halliday
    Halliday Family Trust
    041 9273 340
    P.O. Box 213216
    Dubai
    U.A.E.