Business
PRESS RELEASE FOR EARLY WARNING REPORT REGARDING CARCETTI CAPITAL CORP.
Jonathan Awde, of 1588-609 Granville Street, Vancouver, British Columbia, V7Y 1G5, today announced that, on December 2, 2025, he acquired ownership of 209,100 common shares ("Hemlo Shares") in the capital of Hemlo Mining Corp. ("Hemlo") through the facilities of the TSX Venture Exchange at an average price of $3.96 per Hemlo Share (the "December Share Purchase").
About this update from Barrick Mining Corporation
[{"type":"text","content":"VANCOUVER, BC, Dec. 3, 2025 /CNW/ - Jonathan Awde, of 1588-609 Granville Street, Vancouver, British Columbia, V7Y 1G5, today announced that, on December 2, 2025, he acquired ownership of 209,100 common shares ("Hemlo Shares") in the capital of Hemlo Mining Corp. ("Hemlo") through the facilities of the TSX Venture Exchange at an average price of $3.96 per Hemlo Share (the "December Share Purchase").","length":436,"tagName":"p"},{"type":"text","content":"Prior to the December Share Purchase, on October 7, 2025, Mr. Awde acquired an aggregate of 5,500,000 subscription receipts (each, a "Subscription Receipt") of Carcetti Capital Corp. ("Carcetti") as a result of a private placement at a price of $2.00 per Subscription Receipt. Each Subscription Receipt was convertible into one common share of Carcetti upon closing of the Carcetti's acquisition (the "Transaction") of the Hemlo Gold Mine in Ontario, Canada from certain wholly-owned subsidiaries of Barrick Mining Corporation.","length":561,"tagName":"p"},{"type":"text","content":"On November 26, 2025, Carcetti completed the Transaction and the Subscription Receipts were automatically converted into common shares of Carcetti ("Carcetti Shares"), without any further action from Carcetti or Mr. Awde or any additional consideration.","length":263,"tagName":"p"},{"type":"text","content":"On November 27, 2025, Carcetti amalgamated (the "Amalgamation") with a wholly-owned subsidiary and continued as one corporation under the name "Hemlo Mining Corp.". In connection with the Amalgamation, Hemlo consolidated its shares on the basis of two-thirds (2/3) of a new common share for every one pre-Amalgamation share.","length":344,"tagName":"p"},{"type":"text","content":"Upon closing of the Transaction, 443,245,380 common shares of Carcetti were outstanding. As of the date hereof, there are 295,496,920 common shares of Hemlo ("Hemlo Shares") outstanding. As a result, Mr. Awde has ceased to hold at least 10% of the issued and outstanding Hemlo Shares.","length":294,"tagName":"p"},{"type":"text","content":"Prior to the Transaction, Mr. Awde owned, directly or indirectly, or exercised control or direction over, 4,900,500 Carcetti Shares and 325,000 securities convertible into Carcetti Shares (&qu...