LUXEMBOURG, May 30, 2024
/CNW/ - Nemesia S.à.r.l, "(Nemesia") and Zebra Holdings and
Investments S.à.r.l (Zebra), two companies controlled by trusts
settled by the late Adolf H. Lundin
and as such joint actors, both of 40, Boulevard Grande Duchesse
Charlotte, L-1330 Luxembourg,
announced today that on May 30, 2024,
Nemesia acquired an aggregate of 12,500,000 common shares of
Faraday Copper Corp ("FARADAY" or "the COMPANY" – TSX "FDY –
OTCQX: "CPPKF") at a price of Cdn$0.80 per common share for a total of
Cdn$10,000,000.--. The shares were
acquired in an Offering through a "Bought Deal" financing by
Faraday announced in its press release dated May 22, 2024 under an Accredited Investor
Prospectus Exemption under applicable securities legislation.
Nemesia held no shares of the Company and because of this
acquisition, Nemesia now holds 12,500,000 common shares or
approximately 6.09% of the issued and outstanding common shares of
Faraday and Zebra continues to hold 11,625,000 common shares or
approximately 5.66% of the issued and outstanding common shares of
Faraday. Collectively, the two companies, fully owned by the
same trusts, now hold a total of 24'125'000 common shares or
approximately 11.75% of the issued and outstanding share capital of
Faraday post-closing. Considering the 1,125,000 Share purchase
warrants held by Zebra the current holdings represent a total of
11.69% on a fully diluted basis.
Nemesia and Zebra are joint actors with respect to their common
shares of Faraday Copper and acquired the common shares of Faraday
for investment purposes. Each of Nemesia and Zebra may from time to
time make future investments in or dispose of common shares of the
Company depending upon the business and prospects of Faraday and
depending upon future market conditions.
A copy of the Early Warning Report to be filed pursuant to
National Instrument 62-103 may be obtained from Sandy Kansky, 1-604-806-3574.
SOURCE Nemesia