"Since it´s report filed under the early warning requirements on Janyary 10th, 2011, Soros reports that Quantum, an investment fund that Soros manages, sold 3,137,600 common shares ("Shares") of Southern Pacific Resource Corp. (the "Company") in January 2011. The sale represents a net decrease of 0.9% of Quantums shareholdings procentage since it´s last filings, calculated as described below."
"Soros reports that Quantum held at January 31, 2011, 20,400,000 shares and $25,000,000 aggregate principal amount of 6.00% convertible unsecured subordinated debentures due june 30, 2016 ("Debentures") of the company. The Debentures are convertible in to common shares 465.1163 common shares of the ("Company") shares per $1,000 principal amount of Debentures untill June 30th, 2016. The shares and debentures, if converted, held by Quantum represents in aggregate approximately 9.18% of all outstanding shares.
As of the end of January 2011, neither Soros nor Quantum owned, directly or indirectly, nor exercised control or direction over, any shares of the company other than as disclosed above."
"The securities where aquired by Soros for investment purposes Quantum may from time to time, depending on market and other conditions, increase or decrease its holdings of securities of the company"
http://www.sedar.com/CheckCode.do;jsessionid=00008HupafOULoEP60UF88AJxka:-1
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