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Attention Business Editors
Vietnam Resource Investments (Holdings) Limited Acquires Shares of Keeper Resources Inc.
HO CHI MINH CITY, Vietnam, May 13 /CNW/ - Vietnam Resource Investments
(Holdings) Limited ("VRI") announced that it has today acquired 100,000 common
shares of Keeper Resources Inc. (TSXV: KEE) ("Keeper"). On April 4, 2008,
Keeper announced that VRI agreed to make an all cash offer to acquire all of
the issued and outstanding common shares of Keeper on a fully diluted basis at
a price of $1.50 per share by way of a take-over bid. KR Acquisition Corp.
("KAC"), an indirect wholly-owned subsidiary of VRI, mailed the formal
documents in connection with the offer to security holders of Keeper on April
16, 2008.
The highest price paid per share purchased today was C$1.48. The average
price paid per share purchased during the course of KAC's acquisition of
Keeper to date is C$1.48.
The aggregate number of Keeper shares purchased by VRI, including
purchases made today, is 1,064,900. As a result of today's transaction, VRI
now owns a total of 1,064,900 common shares of Keeper, or 3.3% of the common
shares of Keeper.
VRI is an investment fund managed by Dragon Capital Management Limited
("Dragon Capital"). Funds managed by Dragon Capital currently own 6,824,900
shares of Keeper (including today's purchase by VRI), which represents
approximately 21.13% of Keeper's issued and outstanding common shares. Dragon
Capital is a part of a financial group focused on Vietnam. The Group's
investment management arm is the country's largest dedicated portfolio
investor. The group is known both within Vietnam and international financial
circles as one of the premier Vietnam-focused financial institutions. For
additional information, please visit www.dragoncaptial.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
-30-
/For further information: Vietnam Resource Investments (Holdings)
Limited, T: +84 8 823 9355, F: +84 8 823 9366, Email: info@dragoncapital.com/
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