M&G Investment Management Limited

M&G Investment Management Limited

October 26, 2015 15:18 ET

M&G Investment Management Limited Reports Ownership of Common Shares and Warrants of Roxgold Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 26, 2015) - M&G Investment Management Limited ("MAGIM"), a wholly-owned subsidiary of Prudential plc, announced today that it, as manager of various funds and accounts, acquired on November 4, 2014, sole investment power to dispose or direct the disposition over an aggregate of 25,375,000 common shares ("Shares") and 25,375,000 Share purchase warrants ("Warrants") of Roxgold Inc. ("Roxgold") pursuant to the final short form prospectus of Roxgold dated October 24, 2014. Each Warrant is exercisable for 0.5 of a Share. Each Share and Warrant (collectively, a "Unit") was acquired for payment of CDN$0.65 per Unit, for aggregate consideration of CDN$16,493,750.

Before these transactions, MAGIM did not exercise control or direction over any Shares or Warrants. As a result of these transactions, MAGIM now exercises sole investment power to dispose or direct the disposition of an aggregate of 25,375,000 Shares and 25,375,000 Warrants, or approximately 11.34% of Roxgold's issued and outstanding Shares on a partially diluted basis, based upon the most recently available public information regarding the total issued and outstanding Shares of Roxgold.

MAGIM has acquired the Units for investment purposes and may increase or decrease its interests in Roxgold in the future as considered appropriate in light of market conditions and other factors.

An Early Warning Report respecting these transactions will be filed on the System for Electronic Document Analysis and Review ("SEDAR") under the Roxgold's profile and can be viewed at www.sedar.com.

About M&G Investment Management Limited

M&G Investments is a highly innovative asset manager with over £256bn* of assets under management. We draw on over 80 years' experience in fund management and our extensive resources as one of the UK's largest active investors. We manage £123bn* on behalf of our parent company, Prudential pie, an organisation with many of the long-term investment concerns of pension schemes, ensuring our interests are aligned with those of our clients.

* 30 June 2015.

M&G Investments is a business name of M&G Investment Management Limited and is used by other companies within the Prudential Group.

Contact Information

  • M&G Investment Management Limited
    Mark R Thomas
    Governors House, Laurence Pountney Hill
    London, EC4R 0HH, United Kingdom
    020 7626 4522
    www.mandg.co.uk