Business News • MarketWire • Sun Valley Gold LLC: Control and Direction Over Common Shares of Grayd Resource Corporation |
Sun Valley Gold LLC: Control and Direction Over Common Shares of Grayd Resource Corporation |
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Sun Valley Gold LLC: Control and Direction Over Common Shares of Grayd Resource Corporation
SUN VALLEY, IDAHO--(Marketwire - Nov. 18, 2010) - Sun Valley Gold LLC ("Sun Valley") announced today that it has acquired control and direction over 2,500,000 common shares (each, a "Common Share") of Grayd Resource Corporation ("Grayd") on behalf of 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 on November 17, 2010 as part of a private placement by Grayd (the "Private Placement") of a total of 4,800,000 Common Shares for a subscription price of $1.25 per Common Share.
View More : http://www.marketwire.com/mw/release.do?id=1356532&sourceType=3
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