TORONTO, May 4, 2020 /CNW/ - The K2 Principal Fund
L.P. ("K2") announced that on May 1st,
2020 it purchased 98,500 common shares of Moneta Porcupine
Mines Inc. (TSX: ME) of 65 3rd Ave, Timmins, ON, P4N 1C2. Each share was
purchased through the TSX at an average price of at a price of
$ 0.1187 for a total cost of
$11,692.12.
Prior to the recent acquisition, K2 held 31,085,000 common
shares. After the acquisition, the partnership holds 31,183,500
common shares representing approximately 10.01% of the issued and
outstanding common shares of Moneta Porcupine Mines Inc.
K2 acquired the securities for investment purposes only and may,
depending on market and other conditions, increase or decrease its
beneficial ownership, control or direction over, or exercise its
current rights to acquire, common shares or other securities of
Moneta Porcupine Mines Inc through market transactions, private
agreements or otherwise.
SOURCE The K2 Principal Fund L.P.