Just noticed this new posting on SEDAR:

Since our last report filed on February 11, 2008, G&C, on behalf of one or more f the mutual funds or other client accounts managed by it, acquired 165,300 ommon shares of San Gold Corporation (“San Gold”). During this period, the ssued and outstanding share capital number increased. This represents a decrease f G&C’s holdings in San Gold by 0.49% on an undiluted basis, or assuming the onversion of the purchase warrants into common shares, a decrease by 0.97%, on  partially diluted basis, as at March 31, 2008.