ROTTERDAM, Netherlands, May 21, 2012 /CNW/ - Vitol Holding B.V. ("Vitol") today announced that its wholly-owned indirect subsidiary Vitol Energy (Bermuda) Ltd. acquired ownership of 300,000 common shares ("Common Shares") of Sterling Resources Ltd. (TSXV:SLG) ("Sterling"), representing approximately 0.13% of the issued and outstanding Common Shares.
As a result of this transaction, Vitol controls 27,651,742 Common Shares, representing approximately 12.42% of the issued and outstanding Common Shares.
The Common Shares were acquired through the facilities of the TSX Venture Exchange for the average purchase price of C$1.3293 per Common Share. The Common Shares were acquired for investment purposes and Vitol and/or one or more of its affiliates, depending on market and other conditions, may from time to time increase or decrease its holdings of Common Shares or other securities of Sterling.
A copy of the early warning report being filed by Vitol with the applicable securities regulators will be available on SEDAR (www.sedar.com).
or to obtain a copy of the early warning report filed under applicable securities laws, please contact: Mark Ware, telephone: +44(0)207973 4200
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