The majority of shares would have been purchased in the recent placement. The below is from my post on 20th June.
"Essentially, I believe this marks just the start of quality broker support and research coverage in North America. I also believe the marketing of Mantra is likely to be the blue print for CPL as both companies are chaired by Ian Middlemas and heavily backed by Highland Park (Founders of LionOre.
Haywood Securities appear to have been the backing brokers for Mantra Resources and have since acquired a stake of 6.3% according to Mantra's last presentation release. Putting CPL on their radar to me indicates a precursor to comprehensive research and recommendations leading up to the TSX listing in Sep/Oct and Haywood Securities would be only the first of many North American brokers with the likes of RBC Capital Markets, Cormark, UBS Canada, Paradigm, Canaccord/Adams, Scotia and others not far behind. This is why the upside to current price is so great. When North American brokers start formally valuing CPL for their clients - look out. As Mantra state in their presentation 60% of their shares are now traded through the TSX and all this in the space of 6 months as they only listed on TSX Nov 2009.
In addition, Deans Knight Capital, a Canadian investment company currently holds 9% of Mantra. In their presentation they state that receive "idea flow" from exclusive networks and that Mantra was one bought to their attention by the founders of LionOre Mining when few others were aware of it. I would go as far to say it is a fair bet that Deans Knight Capital are, or soon will be, on the CPL register.
Deans Knight is a staunch backer of Highland Park so there is no real surprise here. Just another quality and long term holding institution on CPLs register.
Regards
Danash
CPL Price at posting:
98.0¢ Sentiment: LT Buy Disclosure: Held
(20min delay)