Gardiner Group Capital Limited

March 19, 2007 14:25 ET

Gardiner Group Capital Limited Announces Acquisition of Additional Common Shares

TORONTO, ONTARIO--(CCNMatthews - March 19, 2007) - Gardiner Group Capital Limited ("Gardiner Group") announced that on March 15, 2007 it acquired 5,522,000 flow-through common shares ("Common Shares") and warrants ("Warrants") to purchase 10,024,000 flow-through Common Shares at $2.00 per share until March 31, 2009 of Bear Ridge Resources Ltd. (TSX:BER)("Bear Ridge" or the "Company"). As a result of the acquisition, Gardiner Group now owns 28.04% of the issued and outstanding Common Shares of Bear Ridge on a partially diluted basis (assuming exercise of all the Warrants).

The acquisition occurred privately, and not through any market. The Common Shares and Warrants were acquired for investment purposes and Gardiner Group has no present intention to make a take-over offer for the Bear Ridge common shares.

For further information or to obtain a copy of the Early Warning Report (which may also be obtained at please see contact information below.

Contact Information

  • Gardiner Group Capital Limited
    Edward A. Kukiel
    President & CEO
    (416) 947-0834
    (416) 947-1100 (FAX)
    Gardiner Group Capital Limited
    Standard Life Centre
    PO Box 35
    121 King Street West
    Suite #1770
    Toronto, ON M5H 3T9