EARLY WARNING REPORT ISSUED
PURSUANT TO NI 62-103 – ACQUISITION AND DISPOSITION OF SECURITIES OF
The Company also announces the granting of an environmental license to a second small miner operating on the Company's concessions, marking a total of two formalized mines. The combined production from these formalized mines is expected to add 50-75 TPD of feed material.
In addition, the Company and
On
Immediately prior to the acquisitions and dispositions listed above, Hampson owned and/or had control over an aggregate of 19,112,952 Shares, representing approximately 22.5% of the issued and outstanding Shares of the Company on an undiluted basis, of which 74,917 Shares were controlled directly, 16,978,327 Shares were controlled through
Following completion of the acquisitions and dispositions listed above, Hampson owns and/or has control over an aggregate of 17,194,619 Shares, representing approximately 18.8% of the issued and outstanding Shares of the Company on an undiluted basis, of which 106,584 Shares are controlled directly, 16,578,327 Shares are controlled through
In addition, Hampson also owns and/or has control over 1,093,666 stock options to purchase Shares. If Hampson exercises all of his options, he would then own and/or have control over, directly or indirectly, 18,288,285 Shares, representing approximately 20% of the issued and outstanding Shares of the Company on a partially diluted basis, assuming that no further Shares of the Company have been issued.
The acquisitions and dispositions described above resulted in an approximate 3.7% change in Hampson's ownership and/or control over Shares of the Company.
The securities acquired will be held for investment purposes. Hampson may, depending on estate and tax plans, market and other conditions, increase or decrease his ownership of the Company's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
The disclosure respecting Hampson's shareholdings contained in this press release is made pursuant to Multilateral Instrument 62-104 and a report respecting the above acquisition will be filed with the applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and will be available for viewing at www.sedarplus.ca.
With a strong commitment to sustainability and community engagement,
The Company also owns an exploration property near Tucuma, Para State,
On behalf of the Board of Directors
"Javier Cordova Unda"
Chief Executive Officer and President
And
Neither the
All statements, analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.
SOURCE
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