LISBON,
Portugal, Jan. 9, 2025 /CNW/ - Oxy Capital
SGOIC, S.A ("Oxy Capital") announces that it has acquired
ownership and control of 29,800 common shares ("Common
Shares") of Montero Mining and Exploration Ltd.
("Montero") (TSXV: MON) through purchases on the TSX Venture
Exchange at a price of C$0.31 per
Common Share for an aggregate purchase price of C$9,238, representing approximately 0.06% of the
outstanding Common Shares (the "Transaction").
Prior to the Transaction, Oxy Capital had ownership and control
over, 4,983,981 Common Shares, representing approximately 9.94% of
the outstanding Common Shares. Following the Transaction, Oxy
Capital now has ownership and control of a total of 5,013,781
Common Shares, representing approximately 10.0% of the outstanding
Common Shares.
The Common Shares were acquired for investment purposes. Subject
to applicable law, Oxy Capital will continue to review its holdings
of Montero's securities and, depending on market conditions,
general economic and industry conditions, Montero's business and
financial condition and prospects and/or other relevant factors,
may increase or decrease its investment in the securities of
Montero.
An Early Warning Report in respect of this acquisition will be
filed under Montero's profile on SEDAR+ at www.sedarplus.ca as
required by National Instrument 62-103 – The Early Warning
System and Related Take-Over Bid and Insider Reporting Issues.
To obtain a copy of the Early Warning Report, please refer to the
contact listed below.
For further information, please contact:
André Paúl
Oxy Capital SGOIC, S.A
+351 21 820 9910
info@oxycapital.com
Oxy Capital SGOIC, S.A. is an organization established under the
laws of Portugal. The company
specializes in managing various investment entities, including
venture capital investment bodies, social business investment
funds, and specialized alternative investment entities. It operates
both open-ended and closed-end bodies focused on collective
investments in cash equities, other financial assets, and real
estate assets.
In addition to its primary activities, Oxy Capital provides
technical, financial, administrative, and commercial support to
companies under its managed funds, including feasibility studies,
market promotion, and assistance in financing.
Oxy Capital's head office is located at Amoreiras Torre 2, Av.
Eng. Duarte Pacheco 15ºB, 1070-102,
Lisbon, Portugal
Montero's head office is located at 750 West Pender St., Suite
401, Vancouver, British Columbia
V6C 2T7
Forward-Looking Information
This press release contains forward-looking statements, including
but not limited to Oxy Capital's investment objectives and future
intentions with respect to Montero. Forward-looking statements are
not based on historical facts, but rather on current expectations
about future events, and are therefore subject to inherent risks
and uncertainties, which may cause actual results to differ
materially from those expressed or implied by the forward-looking
statements. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding such future
expectations. Such forward-looking statements should therefore be
construed in light of such factors, and Oxy Capital is not under
any obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
SOURCE Oxy Capital SGOIC, S.A
