MineralFields Group

MineralFields Group
Pathway Asset Management

Pathway Asset Management

April 15, 2011 15:24 ET

MineralFields Group Affiliate Limited Market Dealer Inc. Acquires Securities of Matamec Explorations Inc. (MAT-TSXV)

TORONTO, CANADA--(Marketwire - April 15, 2011) -Limited Market Dealer Inc. ("LMD"), an affiliate of MineralFields Group, announces that on April 13, 2011 it acquired ownership of 202,000 common shares (the "Common Shares") of Matamec Explorations Inc. (TSX VENTURE:MAT) through the facilities of the TSX Venture Exchange.

As a result of this transaction, MineralFields Group and LMD held, as at April 13, 2011, an aggregate of 11,881,920 common shares of Matamec, including the Common Shares, and rights to acquire an additional 2,680,000 common shares of Matamec upon exercise of certain warrants and options (collectively, the "Warrants"). In the event that the Warrants are fully exercised, the holdings of MineralFields Group and LMD represent a total of 14,561,920 common shares of Matamec, or approximately 12.19 % of all issued and outstanding common shares as at April 13, 2011, calculated on a partially diluted basis assuming the exercise of the Warrants only.

This transaction was made for investment purposes and MineralFields Group and LMD could increase or decrease their investment in Matamec depending on market conditions or any other relevant factor.

MineralFields Group and its affiliates have been financing Matamec from and including 2006, and have been the most consistently supportive institutional shareholder in Matamec's history, seeing Matamec through the bad times as well as good times, like the good value-added partner MineralFields Group has been for hundreds of other Canadian junior mining companies since 2002.

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. The sector focus is on gold and precious metals, base metals, rare earths and lithium, potash, uranium, oil, coal and gas. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®, and have raised over $1 billion in their 10 year history.

For details about MineralFields Group including contact information, please visit our website at www.mineralfields.com.

Contact Information

  • Pathway Asset Management
    Imtiaz Hashmani
    CFO
    (416) 665-9339 Ext. 229 or Toll Free 1-800-339-9169 Ext. 229
    (416) 665-4772
    www.pathwayam.com