Sun Valley Gold LLC

June 03, 2015 15:56 ET

Sun Valley Gold LLC: Acquisition of Control and Direction Over Common Shares of West Kirkland Mining Inc.

SUN VALLEY, IDAHO--(Marketwired - June 3, 2015) - Sun Valley Gold LLC ("Sun Valley") announced today that it acquired control and direction over 16,982,000 common shares of West Kirkland Mining Inc. ("West Kirkland") on June 2, 2015 on behalf of Sun Valley Gold Master Fund Ltd. (the "Master Fund"), a client account over which Sun Valley has discretionary trading authority. The 16,982,000 common shares were purchased pursuant to a private agreement with a single shareholder of West Kirkland at a price of $0.055 per share.

Following completion of such transactions, Sun Valley exercises control and direction over 73,454,300 common shares and 1,778,000 warrants for and on behalf of the Master Fund. The 73,454,300 common shares over which Sun Valley exercises control and direction for and on behalf of the Master Fund represent approximately 24.97% of the issued and outstanding common shares of West Kirkland. If exercised, the 1,778,000 warrants over which Sun Valley exercises control and direction for and on behalf of the Master Fund would, together with such shares, represent approximately 25.42% of the issued and outstanding common shares of West Kirkland (after giving effect to the exercise of such warrants, but not the exercise of any other share purchase warrants issued by West Kirkland).

The securities of West Kirkland were acquired for investment purposes. Sun Valley may increase or decrease its ownership of securities of West Kirkland depending upon future market conditions.

FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW:

Contact Information

  • Sun Valley Gold LLC
    Linda J. Kish
    Chief Legal Officer
    (208) 726-2399