LISBON,
Portugal, March 5, 2025 /CNW/ - Oxy Capital
SGOIC, S.A ("Oxy Capital") is pleased to announce that it
has acquired ownership and control of an additional 1,039,000
common shares ("Common Shares") of Montero Mining and
Exploration Ltd. ("Montero") (TSXV: MON) through a series of
purchases on the TSX Venture Exchange between February 10, 2025 and March 4, 2025 at an average price of
approximately C$0.314 per Common
Share for an aggregate purchase price of approximately C$326,267.50, representing approximately 2.1% of
the outstanding Common Shares (the "Purchases").
The resulting change in Oxy Capital's share ownership position
of Montero was greater than 2% from Oxy Capital's last early
warning report that was filed on February
10, 2025, in which Oxy Capital reported that it had
ownership and control of a total of 6,037,781 Common Shares,
representing approximately 12.0% of the outstanding Common Shares.
Subsequent to the Purchases, Oxy Capital now holds 7,076,781 Common
Shares, which represents approximately 14.1% of the issued and
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 the Purchases 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.
Oxy Capital SGOIC, S.A. is an organization established under the
laws of Portugal. Oxy Capital is
an alternative asset management firm founded in 2011, with
headquarters in Lisbon, Portugal.
The firm invests across various business sectors, focusing on
private equity, mezzanine debt, restructuring, and public market
opportunities.
Oxy Capital's head office is located Av. Eng. Duarte Pacheco - Amoreiras - Torre 2, 15.o B,
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
