TORONTO, Feb. 16,
2024 /CNW/ - This press release is being disseminated
as required by securities legislation in connection with the filing
of an early warning report (the "Early Warning Report")
regarding the common shares (the "Common Shares") of Atacama
Copper Corporation (the "Issuer") held by Firelight Holdings
Ltd, (the "Company"), a company wholly-owned by Pierre Lassonde.
The requirement to file the Early Warning Report
was triggered on February 9, 2024 as
a result of the closing of the business combination of the Issuer
with TCP1 Corporation (the "Transaction"). Pursuant to the
terms of the business combination, TCP1 Corporation became a
wholly-owned subsidiary of the Issuer and each former shareholder
of TCP1 Corporation received 64.815 Common Shares in the capital of
the Issuer in exchange for each common share of TCP1 Corporation
that they held at a deemed price of C$70.00 per TCP1 Corporation common share.
Following the completion of the Transaction, the 103,100 common
shares in the capital of TCP1 Corporation that were previously held
by the Company were exchanged for 6,682,426 Common Shares in the
capital of the Issuer, along with the 6-for-1 share consolidation
of 2,777,800 subscription receipts into 462,966 Common Shares in
the capital of the Issuer, representing an aggregate of 7,145,392
Shares or approximately 11.66% of the Common Shares of the Issuer
on a non-diluted basis and approximately 10.53% of the Common
Shares of the Issuer on a fully diluted basis.
The Common Shares received by the Company pursuant to the
Transaction will continue to be held by the Company
for investment purposes. The Company does not currently
intend to acquire or dispose of any additional securities
of the Issuer. Nonetheless, the Company may, depending on price,
market conditions or other conditions or factors it considers
relevant from time to time, increase or decrease its beneficial
ownership, control or direction over Common Shares or other
securities of the Issuer through market transactions, private
agreements or otherwise.
An early warning report
in connection with this press release is being filed by the Company
in
accordance with applicable Canadian securities laws and will be available
on SEDAR+
at www.sedarplus.ca. For further information or to obtain a copy of the Early Warning
Report, please contact:
Firelight Holdings Ltd
45 Hazelton Ave., Suite A
Toronto, ON, M5R 2E3
SOURCE Pierre Lassonde
