SUN VALLEY, IDAHO -- (Marketwired - Feb. 10, 2015) - Sun Valley Gold LLC ("Sun Valley") announced today that on February 9, 2015 it acquired control and direction over 3,714,700 common shares ("Common Shares") of Sabina Gold & Silver Corp. ("Sabina") on behalf of client accounts over which Sun Valley has discretionary trading authority. The Common Shares,, which are beneficially owned by the client accounts, were acquired over the facilities of the Toronto Stock Exchange for a purchase price of $0.415 per Common Share. Following completion of the acquisition, Sun Valley exercises control and direction over 22,895,336 Common Shares for and on behalf of client accounts, representing approximately 11.80% of the issued and outstanding Common Shares.
The securities of Sabina were acquired for investment purposes. Sun Valley may increase or decrease its ownership of securities of Sabina 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.
Contact
Sun Valley Gold LLC Linda J. Kish, Chief Legal Officer (208) 726-2399
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SUN VALLEY, IDAHO -- (Marketwired - Feb. 10, 2015) - Sun Valley Gold LLC ("Sun Valley") announced today that on February 9, 2015 it acquired control and direction over 3,714,700 common shares ("Common Shares") of Sabina Gold & Silver Corp. ("Sabina") on behalf of client accounts over which Sun Valley has discretionary trading authority. The Common Shares,, which are beneficially owned by the client accounts, were acquired over the facilities of the Toronto Stock Exchange for a purchase price of $0.415 per Common Share. Following completion of the acquisition, Sun Valley exercises control and direction over 22,895,336 Common Shares for and on behalf of client accounts, representing approximately 11.80% of the issued and outstanding Common Shares.
