Mr. Daniel Wettreich reports
CNRP INSIDER REORGANIZES SHAREHOLDINGS
CNRP Mining Inc.'s chairman and chief executive officer, Daniel Wettreich, has sold to Sammiri Capital Inc., a private company that is wholly
owned by Mr. Wettreich, an aggregate of 785,937 common shares in the capital of CNRP. This
reorganization of Mr.Wettreich's shareholdings was carried out for investment
purposes.
Immediately after the transaction and including the shares held
by Sammiri, Mr. Wettreich continues to hold, directly and indirectly, an
aggregate of 12,764,955 common shares of the company, representing approximately
90.85 per cent of the company's issued and outstanding common shares.
Sammiri acquired
the above-noted common shares of the company for investment purposes and it may,
depending on market and other conditions, increase or decrease its beneficial
ownership, control or direction over the common shares or other securities of
the company, through market transactions, private agreements or otherwise.
The
consideration for the securities acquired by Sammiri was at a deemed price of
half a cent per share. The sale of the above-noted common shares of the company by
Mr. Wettreich to Sammiri was carried out pursuant to an exemption from
prospectus requirements as set out in Section 2.8 of National Instrument 45-102
-- Prospectus and Registration Exemptions.
We seek Safe Harbor.
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