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Vietnam Resource Investments (Holdings) Limited Acquires Shares of Keeper Resources Inc.
(Canada Newswire English Via Acquire Media NewsEdge) Attention Business Editors
HO CHI MINH CITY, Vietnam, May 9 /CNW/ - Vietnam Resource Investments (Holdings) Limited ("VRI") announced that it has today acquired 4,800 common shares of Keeper Resources Inc. (TSXV: KEE) ("Keeper"). On April 4, 2008, Keeper announced that VRI agreed to make an all cash offer to acquire all of the issued and outstanding common shares of Keeper on a fully diluted basis at a price of $1.50 per share by way of a take-over bid. KR Acquisition Corp. ("KAC"), an indirect wholly-owned subsidiary of VRI, mailed the formal documents in connection with the offer to security holders of Keeper on April?16, 2008.
The highest price paid per share purchased today was C$1.48. The average price paid per share purchased during the course of KAC's acquisition of Keeper to date is C$1.48.
The aggregate number of Keeper shares purchased by VRI, including purchases made today, is 964,900. As a result of today's transaction, VRI now owns a total of 964,900 common shares of Keeper, or 2.99% of the common shares of Keeper.
VRI is an investment fund managed by Dragon Capital Management Limited ("Dragon Capital"). Funds managed by Dragon Capital currently own 6,724,900?shares of Keeper (including today's purchase by VRI), which represents approximately 20.8% of Keeper's issued and outstanding common shares. Dragon Capital is a part of a financial group focused on Vietnam. The Group's investment management arm is the country's largest dedicated portfolio investor. The group is known both within Vietnam and international financial circles as one of the premier Vietnam-focused financial institutions. For additional information, please visit www.dragoncaptial.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Vietnam Resource Investments (Holdings) Limited, T: +84 8 823 9355, F: +84 8 823 9366, Email: info@dragoncapital.com
Copyright ? 2008 Canada Newswire Ltd. All Rights Reserved.
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