TORONTO, Nov. 5 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that it has acquired common shares of Fairmount Energy Inc. (FMT). As a result of the acquisition of such shares, K2 owns 988,800 common shares, representing approximately 5.91% of the issued and outstanding common shares of FMT.
The common shares were purchased by K2 in the open market on the Toronto Stock Exchange. 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 FMT through market transactions, private agreements or otherwise.
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