MM Asset Management Inc.

October 12, 2010 19:20 ET

MM Asset Management Inc. Acquires Control Over Common Shares of Cream Minerals Ltd.

TORONTO, ONTARIO--(Marketwire - Oct. 13, 2010) - MM Asset Management Inc. ("MMAM") announced that one fund it manages and advises, MMCAP International Inc. SPC ("MMCAP"), acquired today 525,000 common shares ("Shares") of Cream Minerals Ltd. ("Cream Minerals") and that MMCAP has acquired 525,000 Shares since a take-over bid for all of the outstanding Shares was filed by Endeavour Silver Corp. with the securities regulatory authorities on October 4, 2010. The Shares were acquired through the facilities of the TSX Venture Exchange.

MMCAP now beneficially owns and MMAM exercises control and direction over 4,446,500 Shares, representing approximately 5.03% of the outstanding Shares.

MMCAP has acquired such Shares for investment purposes only. Depending on market conditions and other factors, MMCAP may from time to time acquire additional securities of Cream Minerals or dispose of such securities in the open market, by private agreement or otherwise.

Contact Information

  • Matthew MacIsaac