Sun Valley Gold LLC: Control and Direction Over Common Shares and Warrants of Coventry Resources Inc.
![Sun Valley Gold LLC: Control and Direction Over Common Shares and Warrants of Coventry Resources Inc.](https://www.minenportal.de/media/goldseiten-news.jpg)
Following completion of the offering and subsequent exercise of Subscription Receipts, Sun Valley exercises control and direction over an aggregate of 13,635,654 Common Shares and 3,000,000 Warrants for and on behalf of the Master Fund. The 13,635,654 Common Shares over which Sun Valley exercises control and direction for and on behalf of the Master Fund represent approximately 14.99% of the issued and outstanding Common Shares. If exercised, the 3,000,000 Warrants over which Sun Valley exercises control and direction for and on behalf of the Master Fund would, together with the 13,635,654 Common Shares over which Sun Valley exercises control and direction for and on behalf of the Master Fund, represent approximately 17.70% of the issued and outstanding Common Shares (after giving effect to the exercise of such Warrants, but not the exercise of any other warrants previously issued by Coventry).
The sole holders of common shares of the Master Fund are Sun Valley Gold International, Ltd., of which Sun Valley is the Investment Manager, and Sun Valley Gold, L.P., of which Sun Valley is the General Partner. Sun Valley is the investment manager for the Master Fund, and has discretionary trading authority over the securities of Coventry issued to the Master Fund.
The securities of Coventry were acquired for investment purposes. Sun Valley and the Master Fund may increase or decrease their ownership of securities of Coventry depending upon future market conditions.
FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY AND THE MASTER FUND UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW.
Contact
Sun Valley Gold LLC
Linda J. Kish, Chief Legal Officer
(208) 726-2399
(208) 726-0842 (FAX)