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Anaconda Mining Inc.

03:43 PM EST - Anaconda Mining Inc. : announced that Navina Asset Management Inc. has acquired ownership of 3.0 million shares of New Island Resources Inc. This represents about 6.45% of New Island's total outstanding shares, on behalf of funds that it manages and that it supports the offer from Anaconda Mining Inc. to acquire all of the outstanding shares of New Island. Anaconda Mining Inc. shares T.ANX are trading even at $0.30.