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Ian Watson Announces Purchase of Units of Skygold Ventures Ltd.
posted on
Jan 04, 2010 08:23AM
January 4, 2010
Ian Watson Announces Purchase of Units of Skygold Ventures Ltd.
LONDON, UNITED KINGDOM--(Marketwire - Jan. 4, 2010) - Ian Watson today announced that he has purchased 2,180,000 units ("Units") of Skygold Ventures Ltd. ("Skygold") (TSX VENTURE:SKV) at a purchase price of C$0.23 per Unit for total consideration of C$501,400. Ian Watson is a Director of Skygold. Each Unit consists of one common share (each, a "Common Share") of Skygold and one common share purchase warrant of Skygold. As a result of this transaction, Mr. Watson beneficially holds 6,576,640 Common Shares, representing approximately 6.17% of the issued and outstanding Common Shares. Mr. Watson also beneficially holds a total of 6,561,640 warrants entitling Mr. Watson to purchase 6,561,640 Common Shares.
The Common Shares were acquired by Mr. Watson for investment purposes under the accredited investor exemptions of applicable securities laws. Mr. Watson may from time to time increase or decrease his holdings of Common Shares or other securities of Skygold.
For further information, or to obtain a copy of the Purchaser's early warning report filed under applicable securities laws, please see the contact information below.
