Blue Note announces acquisition of equity interest in Dynamite Resourcesadmin
Blue Note Mining Inc. announced its acquisition yesterday of 12,571,500 common shares of Dynamite Resources Ltd. representing approximately 11.09% of the total issued common shares of Dynamite. The Dynamite shares were acquired on the TSX Venture Exchange for investment purposes at a price of $0.10 per share. Combined with the Dynamite common shares previously owned, Blue Note now owns a total of 13,762,500 common shares, representing approximately 12.12% of the total issued common shares of Dynamite. Blue Note acquired the 13,762,500 common shares at an average cost of approximately $0.097 per share.
Blue Note acquired the common shares of Dynamite for investment purposes and may take additional actions to enhance the value of its investment. Blue Note may, depending on market and other conditions, acquire additional common shares of Dynamite, through market transactions, private agreement or otherwise. Blue Note may, depending on market or other conditions, sell any or all of its common shares.