LUXEMBOURG, Oct. 15,
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 Nemesia today
acquired an aggregate of 11,625,000 common shares of Faraday Copper
Corp ("FARADAY" or "the COMPANY" – TSX "FDY – OTCQX: "CPPKF")
together with 1'125'000 Common share purchase warrants from Zebra
for no consideration pursuant to a private agreement made effective
October 14, 2024 between Nemesia and
Zebra.
Following completion of the restructuring, Zebra will not
hold any common shares of Faraday and Nemesia will hold 24'125'000
common shares or approximately 11.75% of the issued and outstanding
common shares of the Company, which includes 12,500,000 common
shares or approximately 6.09% of the Company previously held
by Nemesia. Considering the 1'125'000 Share purchase
warrants held by Nemesia, the current holdings represent a total of
12.23% on a partially diluted basis.
Notwithstanding the restructuring and their post-restructuring
positions, Zebra, Lorito Doraline, Lorito Floreal, Lorito Arole and Lorito Orizons continue to be
considered as joint actors with Nemesia.
Nemesia acquired the Common shares and Share purchase warrants
of Faraday for investment purposes and may from time to time make
future investments in or dispose of securities 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 Barry Baker, 1-604-603 1575.
SOURCE Nemesia S.a.r.l.