Kevin Douglas Announces Acquisition of Common Shares of North American Tungsten Corporation Ltd.
Apr 19, 2012, 01:08 ET
LARKSPUR, CA, April 19, 2012 /PRNewswire/ - Kevin Douglas (trustee of K&M Douglas Trust) of 125 E. Sir Francis Drake Blvd., Suite 400, Larkspur, California, 94939, has announced today that he acquired, through or on behalf of K&M Douglas Trust, Douglas Family Trust, James E. Douglas III, and Douglas Irrevocable Descendants Trust (the "Acquiring Entities"), control and direction over common shares of North American Tungsten Corporation Ltd. ("NTC") such that he now has control and direction over 33,589,500 common shares representing approximately 13.87% of the issued and outstanding common shares of NTC. Kevin Douglas also prevously acquired, through or on behalf of the Acquiring Entities, control and direction over 5,000,000 warrants. Each of such warrants entitles the Acquiring Entities to subscribe for and purchase an aggregate of approximately 5,000,000 common shares of NTC, which would result in Kevin Douglas having control and direction over 38,589,500 common shares representing approximately 15.94% of the issued and outstanding common shares of NTC. The common shares and warrants were acquired in the ordinary course of the Acquiring Entities' investment activities. Kevin Douglas, through or on behalf of the Acquiring Entities, may purchase or sell securities of NTC in the future on the open market or in private transactions, depending on market conditions and other factors material to their investment decisions.
SOURCE Kevin Douglas
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