Business
Tether Investments Acquires Additional Common Shares of Elemental Altus Royalties Corp. from AlphaStream Limited
Tether Investments S.A. de C.V. (the "Acquiror") announces the acquisition of additional common shares (the "Common Shares") of Elemental Altus Royalties Corp. ("Elemental"), a gold-focused royalty company listed in Canada from AlphaStream Limited ("AlphaStream"). This announcement is made pursuant to the "early warning" requirements of Canadian securities legislation applicable to both the Acquiror and to AlphaStream with respect to their ownership of Common Shares. The Acquiror and AlphaStream
About this update from Elemental Royalty Corporation
[{"type":"text","content":"SAN SALVADOR, Republic of El Salvador and ABU DHABI, UAE, Oct. 20, 2025 /CNW/ - Tether Investments S.A. de C.V. (the "Acquiror") announces the acquisition of additional common shares (the "Common Shares") of Elemental Altus Royalties Corp. ("Elemental"), a gold-focused royalty company listed in Canada from AlphaStream Limited ("AlphaStream"). This announcement is made pursuant to the "early warning" requirements of Canadian securities legislation applicable to both the Acquiror and to AlphaStream with respect to their ownership of Common Shares. The Acquiror and AlphaStream have or will shortly be filing an early warning report in respect of this announcement on Elemental's SEDAR+ profile at www.sedarplus.ca (the "Early Warning Report").","length":821,"tagName":"p"},{"type":"text","content":"On October 17, 2025, the Acquiror exercised an existing option (the "Option") to acquire, indirectly, in an offshore transaction, an aggregate of 3,444,458 Common Shares from AlphaStream (the "Optioned Shares"). The transaction was effected through the purchase from AlphaStream by Acquiror of all of the outstanding shares of Alpha 1 SPV Limited ("Alpha 1"), the entity that holds the Optioned Shares.","length":432,"tagName":"p"},{"type":"text","content":"Prior to the indirect acquisition of the Optioned Shares, the Acquiror owned and had control over an aggregate of 9,278,229 Common Shares, representing approximately 37.5% of the issued and outstanding Common Shares. Immediately following the exercise of the Option and the indirect acquisition of the Optioned Shares, the Acquiror owned and controlled an aggregate of 12,722,687 Common Shares, representing approximately 51.4% of the issued and outstanding Common Shares.","length":472,"tagName":"p"},{"type":"text","content":"Prior to the indirect acquisition of the Optioned Shares, AlphaStream owned and had control over the Optioned Shares, representing approximately 13.9% of the issued and outstanding Common Shares. Immediately following the acquisition of the Optioned Shares, AlphaStream owned and controlled nil Common Shares. Following Acquiror's exercise of the Option, Alpha 1 will continue to own 3,444,458 Common Shares but will be wholly owned by the Acquiror. The aggregate purchase ...