Crew Gold Corporation

Crew Gold Corporation

September 18, 2007 14:34 ET

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

LYSAKER, NORWAY--(Marketwire - Sept. 18, 2007) - To comply with Canadian statutory reporting requirements, Mr. Jens Dag Ulltveit-Moe, of Fornebuveien 84 1324 Lysaker, Norway, wishes to announce that on Friday, September 14, 2007, an entity controlled by Mr. Ulltveit-Moe acquired control over 1,690,000 common shares in the capital of Crew Gold Corporation (TSX:CRU) ("Crew Gold"). As a result of this transaction, Mr. Ulltveit-Moe controlled 74,201,000 common shares of Crew Gold and forward contracts to purchase 15,080,000 common shares of Crew Gold, in the aggregate representing approximately 19.21% of Crew Gold's outstanding common shares.

The September 14, 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

  • Crew Gold Corporation
    Mr. Erlend Grimstad
    +47 977 42 140