Iberian investor Trafigura buys 16.76 million shares
2009-10-21 14:17 ET - News Release
An anonymous director of Trafigura reports
TRAFIGURA BEHEER B.V. HOLDINGS IN IBERIAN MINERALS CORP.
Iberian Minerals Corp.'s investor Trafigura Beheer B.V. has acquired 16,761,905 common share purchase warrants of Iberian, with each warrant being exerciseable into one common share of Iberian at a price of 52 cents per share, until Oct. 16, 2010. The warrants were issued pursuant to a bridge financing of up to $21-million (U.S.) by Trafigura to Minas de Aguas Tenidas S.A., a wholly owned subsidiary of Iberian, which bridge financing was announced by Iberian in its Oct. 2, 2009, press release in Stockwatch.
Trafigura now owns, or exercises control or direction over a total of 154,582,163 common shares, which represent approximately 45.73 per cent of the outstanding common shares. If all warrants are exercised, and assuming no further common shares are issued, Trafigura would hold 171,344,068 common shares, representing approximately 48.29 per cent of the then-outstanding common shares.
Trafigura holds its interest in Iberian for investment purposes.
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