TSX: MNO
VANCOUVER, BC, Feb. 21,
2025 /CNW/ - This news release is related to the
common shares of Meridian Mining UK Societas (the
"Issuer"). Ithaki Limited (the "Acquiror")
announces that it acquired 25,641,025 common shares (the "Common
Shares") of the Issuer at a price of $0.39 per Common Share for a total subscription
price of $9,999,999.75 through a
non-brokered private placement (the "Acquisition").
Immediately prior to the Acquisition, the Acquiror owned and/or
had control over an aggregate of 14,285,000 Common Shares,
representing approximately 4.7% of the issued and outstanding
Common Shares of the Issuer.
Following completion of the Acquisition, the Acquiror had
beneficial ownership and control and direction over an aggregate of
39,926,025 Common Shares, representing approximately 11.4% of the
issued and outstanding Common Shares of the Issuer.
The Acquiror acquired the Common Shares for investment purposes.
The Acquiror may, depending on market and other conditions,
increase or decrease its ownership of the Issuer'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.
National Instrument 62-103 also requires a report to be filed
with regulatory authorities in each of the jurisdictions containing
additional information with respect to the foregoing matters (the
"Early Warning Report"). A copy of the Early Warning Report
will appear with the Issuer's documents under the Issuer's profile
on SEDAR+ at www.sedarplus.ca.
For further information, or to obtain a copy of the Early
Warning Report filed under applicable securities laws, please
contact Kristie Potts, director of
the Acquiror at Ithaki@global-ags.com.
SOURCE Ithaki Limited
