World number four gold miner Gold Fields on Friday announced that it has purchased, through its indirect, wholly-owned subsidiary Orogen Holdings, 5,2-million common shares in Comaplex Minerals.
The shares represent 14,4% of the issued and outstanding common shares of Comaplex and were purchased over the facilities of the Toronto Stock Exchange.
The shares have been acquired for investment purposes.
While Gold Fields has no current intention to acquire additional securities of Comaplex in the immediate future, Gold Fields may increase or decrease its holdings in Comaplex at prices that it determines to be attractive at any time.
Comaplex Minerals is a junior resource company that explores for precious metals, base metals and diamonds in the Nunavut and Northwest territories, in Ontario, and in Mexico.
Gold Fields is one of the world’s largest unhedged producers of gold, with attributable production of 4,2-million ounces a year, mineral reserves of 75,6-million ounces and mineral resources of 179-million ounces. — I-Net Bridge