LUXEMBOURG, Oct. 19, 2021 /CNW/ - Following another
corporate reorganization among three companies controlled by a
trust settled by the late Adolf H.
Lundin, i.e. Nemesia S.à.r.l. ("Nemesia"), Lorito Holdings
S.à.r.l. ("Lorito") and Zebra Holdings and Investments S.à.r.l
("Zebra") all of 40, Boulevard Grande Duchesse Charlotte, L-1330
Luxembourg, Nemesia announced
today that on October 18, 2021,
pursuant to a private arrangement, it had acquired 1,403,000 common
shares of Lundin Gold Inc ("Lundin Gold" – TSX "LUG" - NASDAQ
Stockholm "LUG") from Zebra representing approximately 0.60% of the
outstanding shares of Lundin Gold.
The purchase and sale were executed at the price of SEK77.50 (Cdn$11.26075) for a total consideration of
SEK108,732,500.00 (Cdn$15,798,832.25).
The purchase of the shares was made pursuant to the private
agreement exemption set forth in Item 4.2. of the National
Instrument 62-104 as it was a purchase from not more than 5 persons
in the aggregated, and the price paid for the shares, including
brokerage fees or commissions, was not greater than 115 % of the
simple average closing price of the last 20 days of trading
preceding the acquisition of the shares.
As a result of this acquisition, Nemesia now holds 22,098,407
common shares or approximately 9.48% of the issued and outstanding
common shares of Lundin Gold whereas
the disposal by Zebra reduced the latter's position to the current
level of 39,690,714 common shares or approximately 17.03% whereas
Lorito holds zero position. Collectively, the three companies,
fully owned by the same Trust, continue to hold an unchanged total
of 61,789,121 common shares or approximately 26.51% of the issued
and outstanding share capital of Lundin
Gold.
Nemesia, Lorito and Zebra are joint actors with respect to their
common shares of Lundin Gold.
Nemesia acquired the common shares of Lundin Gold for investment purposes. Each of
Nemesia, Lorito and Zebra may from time to time make future
investment in or dispose of common shares of Lundin Gold depending upon the business and
prospects of Lundin Gold and
depending upon future market conditions.
SOURCE Zebra Holdings & Investments S.a.r.l.