Pine River Capital Management LP

October 07, 2010 21:05 ET

Pine River Capital Management Announces Acquisition of Warrants of S Split Corp.

TORONTO, ONTARIO--(Marketwire - Oct. 8, 2010) - Pine River Capital Management LP ("Pine River") announced the acquisition today by one of its funds of 481,000 warrants of S Split Corp. (TSX:SBN) ("SBN") representing approximately 12.26% of the total issued warrants of SBN. The warrants were acquired on the TSX for investment purposes. Each warrant may be exercised to purchase one unit comprised of one Class A share of SBN and one preferred share of SBN. Upon purchase of the units, Pine River would own 481,000 Class A shares of SBN, representing 12.29% of the outstanding Class A shares and 481,000 preferred shares of SBN, representing 12.29% of the outstanding preferred shares.

Pine River may from time to time, depending on market and other conditions, acquire additional warrants, dispose of some or all of the existing or additional warrants or continue to hold the warrants.

Contact Information

  • Pine River Capital Management LP
    Jeff Stolt
    Chief Financial Officer
    (612) 238-3300