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Rivel Energy takeover



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By Prospector

Posted: Tuesday Dec 4 10:59:43AM 2007

What does everyone make of this: "The K2 Principal Fund LP has acquired an additional 471,500 common shares of Rival Energy Ltd. As a result of the acquisition of such common shares, K2 owns 2,706,800 common shares, representing approximately 12.1 per cent of the issued and outstanding common shares of Rival Energy." Could this be a way of increasing the votes to oppose the merger with Zargon, or is this group just looking to cash in on a 6 or 7-cent spread on a sure thing (vs. the $1.35 takeout price)?

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