The K2 Principal Fund L.P. Acquires Common Shares of Claude Resources Inc.

TORONTO, May 16 2016 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that it has acquired 20,911,000 common shares of Claude Resources Inc (CRJ).  As a result of the acquisition of such shares the Partnership owns approximately 10.58% of the issued and outstanding common shares of CRJ.

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 CRJ through market transactions, private agreements or otherwise. 

SOURCE K2 Principal Fund L.P.

Dan Gosselin, The K2 Principal Fund L.P., [phone]