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Press Release for Early Warning Report Regarding African Metals Corporation (NEX:AFR.H)
(TheNewswire) Lubumbashi, Dempcratic Republic of Congo – TheNewswire - ...
About this update from Afr Nuventure Resources Inc
[{"type":"text","content":"Press Release for Early Warning Report Regarding African Metals Corporation (NEX:AFR.H)\n \n \n (TheNewswire)\n \n \n \n Lubumbashi, Dempcratic Republic of Congo –\n \n \n TheNewswire -\n \n \n June 2, 2021\n– Simeon Tshisangama, of 34 AV de la liberation, Lubumbashi,\nDemocratic Republic of Congo, today announced that on May 17, 2021, he\nconditionally acquired ownership of 1,230,000 common shares (the\n“\n \n \n Common\n \n \n Shares\n \n \n ”) of African\nMetals Corporation (“\n \n \n African\nMetals\n \n \n ”), a company with a head office at\n1600-925 West Georgia Street, Vancouver, BC, V6C3L2, at a purchase\nprice of CDN$0.075 per Share for an aggregate purchase price of\nCDN$92,250. Mr. Tshisangama acquired ownership through a private\nplacement transaction (the “\n \n \n Private Placement\n \n \n ”) announced in African\nMetals’ press release dated May 21, 2021. The transaction was\nsubject to the final approval of the TSX Venture Exchange, which\napproval was given on May 25, 2021. The Common Shares are subject to a\nhold period of four months and one day which expires on September 18,\n2021.\n \n \n \n \n Prior to the acquisition of the Common Shares and\nclosing of the Private Placement, Mr. Tshisangama owned, directly or\nindirectly, or exercised control or direction over 2,227,923 Common\nShares, representing approximately 15.8% of the 14,038,681 issued and\noutstanding Common Shares of African Metals prior to the Private\nPlacement.\n \n \n \n \n Immediately following the Private Placement, Mr.\nTshisangama now owns, directly or indirectly through TSM Entreprise\nSarl, or exercises control or direction over, 3,457,923 Common Shares,\nrepresenting approximately 19.2% of the 18,899,270 issued and\noutstanding Common Shares of African Metals post-closing.\n \n \n \n \n Mr. Tshisangama acquisition was made for investment\npurposes. In accordance with applicable securities laws, Mr.\nTshisangama may, from time to time and at any time, acquire additional\nshares and/or other equity, debt or other securities or instruments\n(collectively, “\n \n \n Securities\n \n \n ”) of African Metals in the open\nmarket or otherwise, and reserves the right to dispose of any or all\nof its Securities in the open market or otherwise at any time and from\ntime t...