Taylor Housser and Glynn Fisher

May 01, 2015 19:45 ET

Early Warning Report News Release

PANAMA CITY, PANAMA--(Marketwired - May 1, 2015) - Taylor Housser and Glynn Fisher advise that on April 30, 2015, Satori Investments Ltd. ("Satori"), a private company wholly-owned by Mr. Fisher's spouse, but over which Mr. Fisher has full trading authority, acquired direct ownership of 2,000,000 common shares of Coastal Gold Group (TSXV: COD) (the "Coastal Shares") at a price of $0.03 per Coastal Share. After giving effect to the purchase of Coastal Shares on April 30, 2015, Satori owns, in the aggregate, 2,000,000 Coastal Shares, representing approximately 1.18% of the Coastal Shares outstanding.

In addition, Verdmont Capital, S.A., a private company controlled by Messrs. Housser and Fisher (collectively, the "Joint Actors"), owns 12,411,000 Coastal Shares, Jacametra Inversiones, S.A., a private company owned by Mr. Housser, owns 2,381,000 Coastal Shares, and Mallinson Hill Limited, a private company owned by Mr. Houser owns 280,000 Costal Shares. The Joint Actors are acting jointly and in concert in respect of their investment in the Costal Shares, and therefore the Joint Actors beneficially own, directly or indirectly, or exercise control or direction over, an aggregate of 17,072,000 Coastal Shares, representing approximately 10.1% of the Costal Shares issued and outstanding as at the date of this News Release.

The Joint Actors acquired the Coastal Shares for investment purposes, and have no current intention to increase the beneficial ownership of, or control or direction over, securities of Costal. These investments will be reviewed on a continuing basis and holdings may be increased or decreased in the future.

CAUTIONARY STATEMENT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Taylor Housser & Glynn Fisher
    c/o Verdmont Capital, S.A.
    Edificio Verdmont
    Ave. Aquilino de la Guardia No. 18
    Ciudad de Panama, Republica de Panama

    info@verdmont.com.pa
    +5073019000
    +5073019001 (FAX)