|
BIL
BIBLT
Bhp Billiton Purchases 2,000,000 Shares Of Skye Resources Inc
BHP Billiton Plc
Share Code: BIL
ISIN: GB0000566504
BHP BILLITON PURCHASES 2,000,000 SHARES OF SKYE RESOURCES INC
On 22nd June 2006, a wholly owned subsidiary of BHP Billiton, Billiton
Development B.V., purchased 2,000,000 common shares of Skye Resources Inc.
("Skye Resources") (TSX:SKR), representing approximately 6.8% of the issued and
outstanding common shares of Skye Resources. Before the acquisition, BHP
Billiton held 2,846,400 shares of Skye Resources, representing 9.7% of the
issued and outstanding common shares of Skye Resources. This acquisition brings
the total number of Skye Resources shares owned by BHP Billiton to 4,846,400
common shares, representing 16.5% of the issued and outstanding common shares of
Skye Resources. The acquisition is being funded using cash and existing
facilities.
BHP Billiton purchased the shares on the TSX for investment purposes and to
further BHP Billiton"s ongoing interest in mining opportunities in Guatemala.
BHP Billiton is continuing to review its investment alternatives and may acquire
additional common shares or may sell the shares it now holds in the open market
or in privately negotiated transactions to one or more persons.
No other corporation within the BHP Billiton group of companies holds any direct
or indirect interest in any securities in the capital of Skye Resources.
The TSX has not reviewed and does not accept responsibility for the adequacy or
accuracy of the contents of this news release.
For further information please contact:
Tracey Whitehead
BHP Billiton
Tel: UK +44 (0)20 7802 4031 or US +1 713 599 6100
http://www.bhpbilliton.com
BHP Billiton Limited ABN 49 004 BHP Billiton Plc Registration number
028 077 3196209
Registered in Australia Registered in England and Wales
Registered Office: 180 Lonsdale Registered Office: Neathouse Place,
Street Melbourne Victoria 3000 London SW1V 1BH United Kingdom
Telephone +61 1300 55 4757 Telephone +44 20 7802 4000
Facsimile +61 3 9609 3015 Facsimile +44 20 7802 4111
The BHP Billiton Group is
headquartered in Australia
Date: 23/06/2006 08:35:09 AM Produced by the JSE SENS Department
|
|