News Release
VANCOUVER, British Columbia, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Ross J. Beaty, of 1550 ? 625 Howe Street, Vancouver, British Columbia, V6C 2T6, announced that on January 15, 2018 he disposed of ownership of 3,000,000 common shares (the "Common Shares") in the capital of Amerigo Resources Ltd. ("Amerigo") at a price of CDN$1.25199 per Common Share and aggregate proceeds of CDN$3,755,970 (the "Disposition"). Amerigo is a company with an office at 1260 ? 355 Burrard Street, Vancouver, British Columbia, V6C 2G8.
Prior to the Disposition, Mr. Beaty owned, directly or indirectly, or exercised control or direction over 27,298,393 Common Shares. Of these securities, 27,248,393 Common Shares were held by Kestrel Holdings Ltd., a corporation controlled by Mr. Beaty ("Kestrel"), and the rest were owned by Mr. Beaty personally. The 27,298,393 Common Shares represented approximately 15.5% of the total number of issued and outstanding Common Shares of Amerigo immediately before the Disposition.
After completion of the Disposition, Mr. Beaty now owns, directly or indirectly, or exercises control or direction over, 24,298,393 Common Shares. Of these securities, 24,248,393 Common Shares are held by Kestrel and the rest are owned by Mr. Beaty personally. The 24,298,393 Common Shares represent approximately 13.8% of the total number of issued and outstanding Common Shares of Amerigo resulting in a decrease by 6.1% to Mr. Beaty's holdings since February 11, 2010 (the date of the last early warning report filed by Mr. Beaty in respect of Amerigo).
Mr. Beaty's disposition was made for investment purposes. Mr. Beaty may, in the future, acquire or dispose of ownership and control over additional securities of Amerigo for investment purposes. The Disposition took place on the following markets: Alpha Exchange, Chi-X2 Exchange, Chi-X Exchange, NEO, NEO Lit, Omega Exchange, Pure Exchange, Toronto Stock Exchange and TriAct Exchange.
For more information, or to obtain a copy of the subject early warning report, please contact:
Ross J. Beaty
1550 ? 625 Howe Street
Vancouver, British Columbia
V6C 2T6
Telephone: (604) 806-3173
Facsimile: (604) 684-0147
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