|By Marketwired .||
|June 19, 2014 06:42 PM EDT||
SUN VALLEY, IDAHO -- (Marketwired) -- 06/19/14 -- Sun Valley Gold LLC ("Sun Valley") announced today that it has acquired control and direction over 9,234,300 common shares ("Common Shares") of West Kirkland Mining Inc. ("West Kirkland") on behalf of the Sun Valley Gold Master Fund Ltd. (the "Master Fund"), a client account over which Sun Valley has discretionary trading authority. The Common Shares, which are beneficially owned by the Master Fund, were acquired over the facilities of the TSX Venture Exchange for a purchase price of $0.10 per Common Share.
Following completion of the acquisition, Sun Valley exercises control and direction over an aggregate of 32,567,300 common shares and 23,333,000 common share purchase warrants of West Kirkland, in each case for and on behalf of the Master Fund. The 32,567,300 common shares over which Sun Valley exercises control and direction for and on behalf of the Master Fund represent approximately 11.07% of the issued and outstanding common shares. If exercised, the 23,333,000 common share purchase warrants over which Sun Valley exercises control and direction for and on behalf of the Master Fund would, together with the 32,567,300 common shares over which Sun Valley exercises control and direction for and on behalf of the Master Fund, represent approximately 17.61% of the issued and outstanding common shares (after giving effect to the exercise of such warrants, but not the exercise of any other share purchase warrants issued by the West Kirkland).
The securities of West Kirkland were acquired for investment purposes. Sun Valley may increase or decrease its ownership of securities of West Kirkland depending upon future market conditions.
FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY SUN VALLEY UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW.
Sun Valley Gold LLC
Linda J. Kish
Chief Legal Officer