Pasquale DiCapo

May 11, 2009 11:25 ET

Pasquale DiCapo Acquires Common Shares of G4G Resources Ltd.

TORONTO, ONTARIO--(Marketwire - May 11, 2009) - Mr. Pasquale DiCapo ("DiCapo"), 130 King Street West, Suite 2500, Toronto, Ontario M5X 1A9 announces that on May 4, 2009, it acquired ownership of 1,100,000 common shares ("Common Shares") of G4G Resources Ltd. ("G4G") and 1,100,000 common share purchase warrants (the "Warrants") (each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.15 until May 4, 2011) which securities were acquired by DiCapo indirectly. These holdings represent approximately 5% of the issued and outstanding Common Shares (or approximately 9.5% on a partially diluted basis, assuming exercise of the Warrants only). In addition, as at May 4, 2009, joint actors of DiCapo acquired ownership and control of 500,000 broker warrants (including an additional 500,000 convertible securities underlying such broker warrants) of G4G (collectively, the "Joint Actor Securities"), which (i) represents approximately 4.4% of the issued and outstanding Common Shares on a partially diluted basis, assuming exercise of the Joint Actor Securities only; and (ii) when taken together with the securities of DiCapo, represent approximately 5% of the issued and outstanding Common Shares (or approximately 13.3% on a partially diluted basis, assuming exercise of the Warrants and Joint Actor Securities only).

Immediately following the transaction noted above, DiCapo owns: (i) 2,100,000 Common Shares which are owned by DiCapo directly; and (ii) 1,700,000 warrants (including the Warrants), of which 1,500,000 such warrants are owned by DiCapo directly and 200,000 such warrants are owned by the DiCapo indirectly. Such securities represent approximately 9.6% of the issued and outstanding Common Shares (or approximately 16.1% on a partially diluted basis, assuming exercise of the Warrants only). In addition, as at May 4, 2009, joint actors of DiCapo own 500,000 broker warrants (including an additional 500,000 convertible securities underlying such broker warrants) of G4G (collectively, the "Joint Actor Securities"), (i) representing approximately 4.4% on a partially diluted basis, assuming exercise of the broker warrants and the underlying convertible securities only; and (ii) when taken together with the securities owned by DiCapo, represent approximately 9.6% of the issued and outstanding Common Shares (or approximately 19.5% on a partially diluted basis, assuming exercise of the Warrants, broker warrants and underlying convertible securities only).

These transactions were made for investment purposes and DiCapo and his joint actors could increase or decrease their respective investments in G4G depending on market conditions or any other relevant factor.



To obtain a copy of the report filed pursuant to applicable securities
regulations in connection with the foregoing, please contact: Shaun Drake
Tel: 416-848-0107 Fax: 416-848-0790
sdrake@mdcorp.ca
50 Richmond Street East, Suite 101 Toronto, ON M5C 1N7

Contact Information