Paradigm Portfolio Management Corp. Interest in United Carina Resources Corp.
19:55 EDT Wednesday, April 12, 2006
SASKATOON, SASKATCHEWAN--(CCNMatthews - April 12, 2006) - Paradigm Portfolio Management Corp. ("Paradigm"), in its capacity as a portfolio manager, exercised control over 3,461,533 common shares of United Carina Resources Corp. (the "Company") as of March 31, 2006. The Offeror believes that this represents approximately 15.1% of the issued and outstanding common shares of the Company as of March 31, 2006.
Paradigm, in its capacity as a portfolio manager, exercises discretionary authority over securities held for its managed accounts subject to general investment policies, guidelines and objectives and acquired control over greater than 10% of the securities of the Company during the third quarter of 2005. These securities are held for investment purposes. Paradigm does not have any present intention to acquire any additional shares in the capital of the Company; however, this may change in the future.
FOR FURTHER INFORMATION PLEASE CONTACT:
Paradigm Portfolio Management Corp. Mr. Kyle Kozuska President (306) 933-0664 (306) 933-1253 (FAX) firstname.lastname@example.org www.paradigmpmc.com
Saskatchewan Financial Services Commission has neither approved nor disapproved the information contained herein.
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