TORONTO, ONTARIO, Mar. 29, 2010 (Marketwire) -- Centaurus Capital LP ("Centaurus") announces that on March 24, 2010, through funds it manages, it acquired control of 249,300 common shares of Underworld Resources Inc. ("Underworld") representing approximately 0.6% of the issued and outstanding common shares of Underworld. The total number of common shares of Underworld controlled by Centaurus, through funds it manages, together with all persons and companies acting jointly or in concert with Centaurus, is now 3,428,124, representing approximately 8.1% of the issued and outstanding common shares of Underworld. Centaurus acquired all of its common shares of Underworld since the announcement of the proposed take-over of Underworld by Kinross Gold Corporation on March 11, 2010. Centaurus has acquired 249,300 common shares of Underworld since the formal commencement of the take-over bid on March 19, 2010.
Centaurus acquired the common shares in the open market through the facilities of the Toronto Stock Exchange. Centaurus acquired the common shares for investment purposes only. Centaurus may, depending on market and other conditions, acquire or sell further common shares from time to time for such investment purposes.
Centaurus is a private investment management company with an emphasis on Europe. We manage assets by selectively investing capital on the basis of a rigorous bottom-up fundamental approach. As part of our flexible multi-strategy approach, we make investments in equity and credit securities of companies that are undergoing significant corporate events or are experiencing other major changes.