Serengeti Announces Strategic Share Block Purchase by Raven Hill Partnersadmin
Serengeti Resources Inc. announces that Raven Hill Partners has purchased 3.3 million shares of Serengeti Resources Inc. on the open market representing 7.1% of the issued and outstanding shares of the Company. Raven Hill has indicated that the shares were acquired for investment purposes only and that they do not have plans to increase their holdings in the Company at this time.
Raven Hill Partners is a private Toronto based investment and merchant banking firm that is dedicated to acquiring, funding, building and advising early stage private and public companies, with a strong bias in the natural resources and technology sectors.
“We are pleased to have Raven Hill as a significant shareholder,” stated President and CEO David Moore. “Raven Hill has a strong presence in the capital markets in Toronto and this will be beneficial as we advance our Kwanika copper-gold project in BC and our Mexican gold-silver exploration portfolio. Furthermore, one of our current Directors is a principal in Raven Hill so this transaction tightens up our shareholder base,” elaborated Moore.