On the thought of having to issue a NR re: 10% shareholders... see ONT-t NR today... I assume this was released because this particular shareholder now owns or controls (on a partially diluted basis) more then 10% of ONT-t (i.e. 10.1%)... On that note re: SGX... Kinross owns 8.6% of SGX on a non-fully diluted basis... about 21.5 million shares of SGX... therefore Kinross would only have to purchase/accumulate/acquire about 3.5 million more shares before they own 10% and NR has to be issued... not big dollars considering share price under 10 cents... likely actually less than 3.5 million on a fully-diluted basis but not sure how many options and warrants they have... just some Friday food for thought... would be a nice surprise...

red911

Ontex investor Inwentash acquires 875,000 more shares

2009-08-28 10:47 ET - News Release

Mr. Sheldon Inwentash reports

INWENTASH ACQUIRES SECURITIES OF ONTEX RESOURCES LTD.

Ontex Resources Ltd. shareholder, Sheldon Inwentash, on Aug. 24, 2009, acquired ownership of 525,000 flow-through common shares and 350,000 non-flow-through common shares of Ontex, along with 350,000 common share purchase warrants. Each warrant entitles the holder thereof to acquire one additional common share until Feb. 24, 2011, at a price of 35 cents. In the event that the warrants are fully exercised, these holdings represent approximately 1 per cent of the total issued and outstanding common shares of Ontex as of Aug. 24, 2009, calculated on a partially diluted basis assuming the exercise of the warrants only.

As a result of this transaction, Mr. Inwentash, together with his joint actors, owns a total of 6,974,500 common shares of Ontex, including the common shares and rights to acquire an additional 6,675,000 common shares of Ontex upon the exercise of convertible securities, including the warrants.

Of these totals, the offeror owns 1,825,000 common shares and the warrants directly. In the event that the convertible securities are fully exercised, the holdings of Mr. Inwentash and joint actors represent a total of 13,649,500 common shares of Ontex, or approximately 10.1 per cent of all issued and outstanding common shares as at Aug. 24, 2009, calculated on a partially diluted basis assuming the exercise of the convertible securities only. In the event that the warrants are fully exercised, the direct holdings of Mr. Inwentash represent a total of 2,175,000 common shares of Ontex, or approximately 1.7 per cent of all issued and outstanding common shares as at Aug. 24, 2009, calculated on a partially diluted basis assuming the exercise of the warrants only.

These transactions were made for investment purposes and Mr. Inwentash or his joint actors could increase or decrease their investment in Ontex depending on market conditions or any other relevant factor.