Jens Dag Ulltveit-Moe

August 13, 2007 13:42 ET

Jens Dag Ulltveit-Moe Acquires Control of Securities of Crew Gold Corporation

LONDON, UNITED KINGDOM--(Marketwire - Aug. 13, 2007) - To comply with Canadian statutory reporting requirements, Mr. Jens Dag Ulltveit-Moe of Norway wishes to announce that on August 8, 2007, he acquired control over 733,000 common shares in the capital of Crew Gold Corporation ("Crew Gold"). As a result of this transaction, Mr. Ulltveit-Moe controlled 57,480,500 common shares of Crew Gold and forward contracts to purchase 15,080,000 common shares of Crew Gold, in the aggregate representing approximately 17.17% of Crew Gold's outstanding common shares.

The August 8, 2007 transaction occurred through the facilities of the Oslo Stock Exchange. This acquisition was for investment purposes only, and Mr. Ulltveit-Moe, or entities owned or controlled by Mr. Ulltveit-Moe, may increase or decrease their security holdings in Crew Gold in the future.

To obtain a copy of the early warning report filed on SEDAR with respect to this trade, please contact Mr. Erlend Grimstad at +47 977 42 140.

Contact Information

  • Mr. Erlend Grimstad
    +47 977 42 140