Resolute Performance Fund

April 13, 2007 12:23 ET

Resolute Performance Fund Purchases Shares of Energy Fuels Inc.

TORONTO, ONTARIO--(CCNMatthews - April 13, 2007) - Resolute Performance Fund announced that it purchased 3,625,000 common shares and 1,812,500 warrants to purchase common shares of Energy Fuels Inc. ("Energy Fuels") on December 14, 2006 pursuant to a private transaction. Such securities represent approximately 11.45% of the outstanding common shares of Energy Fuels, assuming the exercise of the warrants held by the Fund.

The Fund is an investment fund and the acquisition of the common shares and warrants was made for investment purposes only. Management of the Fund's portfolio is the responsibility of Resolute Funds Limited. The Fund may, at the discretion of Resolute Funds Limited, from time to time acquire or dispose of, or alternatively maintain current holdings of, the securities of Energy Fuels.

Contact Information

  • Resolute Funds Limited
    Anna Goncharova
    Chief Financial Officer
    (416) 350-3232