Laxey Partners Ltd.

February 25, 2011 12:59 ET

Funds Managed by Laxey Partners Ltd. Acquire Trust Units of CMP Gold Trust for Investment Purposes

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2011) - Laxey Partners Ltd. ("Laxey") on behalf of The Value Catalyst Fund Limited, LP Value Limited, Laxey Universal Value LP, Sprugos Investments XII, LLC, LPAlternative LP, LACV Limited and LACMA Limited (collectively the "Funds") has acquired through the facilities of the Toronto Stock Exchange 31,300 trust units of CMP Gold Trust ("CMP") at an average price of CDN$13.2729 per trust unit.

As a result of this acquisition, the Funds now hold 424,000 trust units representing approximately 10.13% of the total outstanding trust units of CMP.

Laxey holds these trust units, on behalf of the Funds under its discretionary management, for investment purposes only and not with the purpose of influencing the control or direction of CMP. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future.

Laxey has discretionary management on behalf of The Value Catalyst Fund Limited, LP Value Limited, Laxey Universal Value LP, Sprugos Investments XII, LLC, LPAlternative LP, LACV Limited and LACMA Limited with its principal office at 64 Athol Street, 4th Floor, Derby House, Douglas, Isle of Man IM1 1JD United Kingdom.

Contact Information

  • Laxey Partners Ltd.
    Mr. Michael Allison
    44 (0) 1624 690900