Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announced today that Karst Investments (the “Acquiror”) has purchased 1,590,000 common shares of Tamerlane Ventures Inc. (the “Company”) in a private transaction at a price of C$0.06 per share. The purchased shares represent approximately 3.21% of the outstanding common shares of the Company. Margaret Kent and Ross Burns have beneficial ownership of, and control and direction over, the Acquiror, which owned 1,456,000 common shares of the Company prior to today’s purchase.
Today’s purchase brings the combined holdings of the Acquiror to 3,046,000 common shares of the Company, representing approximately 6.15% of the outstanding common shares. The purchase was made for investment purposes and to provide the Acquiror with greater influence as shareholders of the Company. The Acquiror, Margaret Kent and/or Ross Burns or entities controlled by them may acquire more common shares of the Company, and they may in the future make further purchases or sales of common shares of the Company or take other actions with respect to the purchased shares as circumstances may warrant.
“Ross F. Burns”
President & CEO
For further information, please contact:
Brent Jones, Manager of Investor Relations
Phone: (360) 332-4653
Fax: (360) 332-4652
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.
Caution Concerning Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com