La Mancha Announces Acquisition of Additional Shares of SRG Mining Inc.
May 19 2022 - 1:49PM
La Mancha Investments S.à r.l. (the “
Acquirer”), a
wholly owned subsidiary of La Mancha Fund SCSp (the
“
Fund”), is pleased to announce that it has
completed an acquisition of an additional 5,000,000 common shares
(the “
Shares”) of SRG Mining Inc.
(“
SRG”) (TSXV: SRG) at a price of C$0.70 per Share
for aggregate gross proceeds of C$3,500,000.
The Acquirer was the registered holder of
22,442,941 common shares of SRG immediately prior to acquiring the
Shares, representing approximately 19.9% of the issued and
outstanding common shares in the capital of SRG (on an undiluted
basis). As a result of this acquisition, the Acquirer has increased
its shareholding in SRG by 4.4% to 24.3% of the issued and
outstanding common shares of SRG on an undiluted basis.
The Acquirer has acquired the Shares for
investment purposes. In the future, the Acquirer may, from time to
time, increase or decrease its investment in SRG through market
transactions, private arrangements, treasury issuances or
otherwise.
The Fund is a Luxembourg-based deep value fund
focused on investments in the precious metals and energy transition
space. La Mancha Capital Advisory LLP (“La
Mancha”) advises the Fund on strategic investments made in
publicly listed and private exploration, royalty and mining
companies with a global outlook. The Fund is a long-term minded
investor, with a mandate to support mining companies to achieve
sustained growth by providing long-term equity capital as well as
operational and board level expertise, to further portfolio company
performance and expansion.
La Mancha Capital Advisory LLP is an Appointed
Representative of G10 Capital Limited, which is authorised and
regulated by the Financial Conduct Authority (FRN 648953).
La Mancha’s head office is located at 161
Brompton Road, London, SW3 1QP.
The Acquirer’s head office is located at 31-33
Avenue Pasteur L-2311 Luxembourg.
The SRG’s head office is located at 1320 boul.
Graham, Suite/bureau 132, Mont-Royal, Québec, H3P 3C8.
La Mancha Investments S.à r.l will file an early
warning report in accordance with applicable securities laws, which
will be available under SRG’s profile on the SEDAR website at
www.sedar.com, and may also be obtained by contacting:
Vincent Benoit Partner & Co-CIO Email:
vincent.benoit@lamancha.comLa Mancha Capital Advisory LLP161
Brompton RoadLondon SW3 1QP
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