Alternative Investment Partners

August 17, 2011 11:00 ET

RG Asset Management Enters Into Buy-Side Advisory Agreement With AIP

SEOUL, SOUTH KOREA and TORONTO, ONTARIO--(Marketwire - Aug. 17, 2011) - RG Asset Management Corporation ("RG AMC") has retained Alternative Investment Partners, a division of Kingsmont Investment Management Inc. ("AIP") to act as the exclusive buy-side advisor, including assistance in identifying and evaluating strategic mining and oil and gas projects in North America.

RG AMC is natural resources oriented Asset Management Company based in South Korea focused on assisting the government achieve its goal of self-sufficiency. Currently South Korea's self-sufficiency rate for 6 major strategic minerals and oil and gas is 27% and 11% respectively. The government has targeted self-sufficiency rates for 6 major strategic minerals and oil and gas to increase to 32% and 20% respectively by end of 2012. The Chairman of RG AMC, Tongho Lee who was previously the Deputy Minister for the Minister of Treasury and Governor of the Korea Development Bank believes these targets can only be achieved through significant development and acquisitions in stable international markets.

AIP, a merchant and investment banking firm based in Toronto, is currently considering a number of Canadian and American companies with global assets that might fit the investment criteria of its South Korean partner, RG AMC, and will perform the due diligence on some of the approved projects.

Alex Kanayev, Managing Director of AIP believes this agreement is a significant step forward to become a leading niche investment group specializing in emerging growth companies. "We now have more resources to provide a global capital platform to our clients both on a principal investor and advisory basis."

"We are very pleased to be partnering with RG AMC to continue to grow our business and expand the pool of capital available to North American resources companies," stated Paget Warner, President of Kingsmont Investment Management. "Furthermore, South Korea is a $1-trillion economy and Canada's seventh-largest trading partner. Canada exports more to South Korea than it does to India, Brazil, Italy or France, and nearly as much as it does to Germany. The relationship between AIP and RG AMC will continue to grow our warm business relationship with our strategic partners in Asia and expand its access to natural resources in Canada. We look forward to working closely with RG AMC's senior management team to execute our shared vision and help RG AMC to fulfill its ambitious plan to grow AUM to over $10 Billion."

Martin Yongsoo Park, CEO and Vice-Chairman of RG AMC expects the execution of this agreement will expand RG AMC's deal sourcing ability throughout the North American region following Asia and Australia. "We have been searching for a partner who is able to source good quality deals in North America. I am confident that AIP is a remarkable merchant/investment bank in the natural resources sector in North America, and therefore it is anticipated that RG AMC can provide a superior deal to our strategic and financial investors in South Korea."

About RG Asset Management - RG AMC is a South Korean asset management company focusing on overseas investments in the energy and natural resources sectors.

About Kingsmont Investment Management - Kingsmont is a Toronto-based investment management firm led by Paget Warner, well-known for his outstanding track record of running Scotia Bank's flagship Canadian Dividend and Resources Fund for over 10 years.

About Alternative Investment Partners - AIP is a Toronto-based merchant and investment banking company providing investment solutions to emerging growth companies.

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