Ellegrove Capital Ltd.

October 13, 2006 20:26 ET

Ellegrove Capital Ltd.: Press Release

ST. MICHAEL, BARBADOS--(CCNMatthews - Oct. 13, 2006) - Ellegrove Capital Ltd. ("Ellegrove"), a Barbados resident company, through a joint actor, announces that it has acquired 4,998,200 common shares of Canadian Gold Hunter Corp. ("CGH"). The shares were acquired through the facilities of the TSX, Toronto.

As a result of this acquisition, Ellegrove together with its joint actor, hold as at the date hereof, an aggregate of 7,970,400 common shares which aggregate holdings represent approximately 17.44% of the issued and outstanding shares of CGH.

Ellegrove and its joint actor acquired the securities of CGH for investment purposes only and not for the purpose of influencing control or direction over CGH. Ellegrove and its joint actor will, however, review its holdings in CGH from time to time and may increase or decrease its position as future circumstances dictate.

Ellegrove is owned by a trust whose settlor is the late Mr. Adolf H. Lundin.

ELLEGROVE CAPITAL LTD.

Authorized Representative

Contact Information

  • Ellegrove Capital Ltd.
    Aksel Azrac
    +41 22 708 33 13