Fuda buys Tyranite control

Salvatore Fuda, president of junior explorer Ontex Resources (TSE), recently acquired control of Tyranite Mines (CDN) by purchasing 1.4 million common shares of Tyranite under a private agreement. When the acquisition is completed, Fuda will own and control 73.1% of the Tyranite’s issued and outstanding common shares which were bought for investment purposes. Fuda says he acted alone in purchasing them.