The company bought the shares on market on 30th September 2008. The company has agreed to payed a total of C$ 155,790 (Canadian Dollars) for the Shares, a price of Canadian$ 1.35 to each share.

After the acquisition of such shares, the Company beneficially owns 10,734,200 common shares representing 19.0462% of the issued and outstanding shares of Waratah.

The Company has acquired the common shares for investment purposes and is interested in taking a majority interest in the company and will acquire further common shares or dispose of its holdings of common shares both as investment conditions warrant. -- www.cnxmarketlink.com