Salida Capital International Limited

March 04, 2014 19:04 ET

Salida Capital International Limited Acquires Common Shares of Brilliant Resources Inc.

TORONTO, ONTARIO--(Marketwired - March 4, 2014) - Salida Capital International Limited ("Salida") announced that it, on behalf of certain funds it manages and advises (the "Funds"), acquired an aggregate of 470,000 common shares ("Common Shares") of Brilliant Resources Inc. ("Brilliant") today at an average price of $0.0851 per share in the open market (the "Acquisition").

As a result of the Acquisition, the Funds beneficially own, and Salida exercises control and direction over, an aggregate of 23,903,464 Common Shares, representing approximately 15.99% of Brilliant's 149,454,769 issued and outstanding Common Shares as reported in its Management Discussion and Analysis dated February 28, 2014.

This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters.

Contact Information

  • For additional information, or for a copy of the early
    warning report filed in respect of the above transactions,
    please contact Daniel Guy at 441-293-0960.