Eagle Star investor Inwentash now controls 10.5%

2013-02-14 13:48 ET - News Release

 

Mr. Sheldon Inwentash reports

INWENTASH ACQUIRES SECURITIES OF EAGLE STAR MINERALS CORP.

Sheldon Inwentash, on Feb. 13, 2013, acquired ownership of 267,000 common shares of Eagle Star Minerals Corp. through the facilities of the TSX Venture Exchange representing approximately 0.03 per cent of the total issued and outstanding common shares of Eagle Star as of Feb. 13, 2013. As a result of this transaction, Mr. Inwentash and his joint actors collectively held, as at Feb. 13, 2013, an aggregate of 6,032,000 common shares of Eagle Star, including the common shares, and rights to acquire an additional 2.5 million common shares of Eagle Star upon the exercise of convertible securities. Of these totals, Mr. Inwentash owns 4,174,500 common shares, including the common shares, and 1.75 million of the convertible securities directly. In the event that the convertible securities are fully exercised, the holdings of Mr. Inwentash and his joint actors represents a total of 8,532,000 common shares of Eagle Star, or approximately 10.5 per cent of all issued and outstanding common shares as at Feb. 13, 2013, calculated on a partially diluted basis assuming the exercise of the convertible securities only. In the event that the Inwentash convertible securities are fully exercised, the direct holdings of Mr. Inwentash represent a total of 5,924,500 common shares of Eagle Star, or approximately 7.4 per cent of all issued and outstanding common shares as at Feb. 13, 2013, calculated on a partially diluted basis assuming the exercise of the Inwentash convertible securities only.

These transactions were made for investment purposes, and Mr. Inwentash, or his joint actors, could increase or decrease their respective investments in Eagle Star depending on market conditions or any other relevant factor.