Mathew Fitch Acquires Securities of Class 1 Nickel & Technologies Limited
May 13 2024 - 5:07PM
Mathew Fitch (the “
Acquirer”) announces that he
has indirectly acquired ownership and control of an aggregate of
9,000,000 common shares (the “
Shares”) of Class 1
Nickel & Technologies Limited (the “
Company”
or “
Class 1”), effective May 13, 2024 (the
“
Acquisition”).
The Shares were issued pursuant to a private
placement by the Company and represent approximately 5.4% of all
issued and outstanding Shares as of May 13, 2024, resulting in a
corresponding change to the aggregate percentage ownership of the
Company by the Acquirer and his joint actors.
Immediately before the Acquisition, the joint
actors of the Acquiror held an aggregate of 23,619,372 Shares,
representing approximately 15.2% of the issued and outstanding
Shares. Immediately following the Acquisition, the joint actors of
the Acquiror held 32,619,372 Shares representing approximately
19.6% of the issued and outstanding Shares at May 13, 2024.
The Shares were acquired for an aggregate
purchase price of $450,000. The Shares were acquired from the
Company directly and not through the facilities of any stock
exchange. The holdings of securities of the Company by the Acquirer
and his joint actors are managed for investment purposes, and the
Acquirer and/or its joint actors could increase or decrease their
respective investments in the Company at any time, or continue to
maintain their current investment position, depending on market
conditions or any other relevant factor.
Additional Information
A copy of the applicable securities report filed
in connection with the matters set forth above may be obtained by
contacting: Mathew Fitch, 47 Waymouth Street, Adelaide SA 5000,
Australia, Tel: 61 403 342 045.