Business
Latin Metals Announces Anticipated Closing Date for Spin-Out of Para and Auquis Copper Projects
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About this update from Latin Metals Inc
[{"type":"text","content":"Latin Metals Announces Anticipated Closing Date for Spin-Out of Para and Auquis Copper Projects\nNot for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Latin Metals Inc. (\"Latin Metals\" or the \"Company\") - (TSXV: LMS, OTCQB: LMSQF), announces that the previously announced spin-out transaction (the \"Spin-Out\") of the Company's Para Copper Project (the \"Para Project\") and Auquis Copper Project (the \"Auquis Project\") into Latin Explore Inc. (\"Latin Explore\") by way of a court-approved plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the \"Arrangement\"), is expected to close on Wednesday, February 18, 2026. Upon closing of the Arrangement, Latin Metals shareholders (\"Latin Metals Shareholders\") will each receive, in exchange for each Latin Metals common share (each, a \"Latin Metals Share\") held prior to closing, one (1) new common share of Latin Metals (each, a \"New Latin Metals Share\") and approximately 0.07904222(1) (the \"Exchange Ratio\") of a Latin Explore common share (each, a \"Latin Explore Share\"). In order to receive the New Latin Metals Shares and Latin Explore Shares, registered Latin Metals Shareholders must complete, execute and deposit with Computershare Investor Services Inc., the depositary appointed in respect of the Arrangement, the letter of transmittal (the \"Letter of Transmittal\") previously mailed to the registered Latin Metals Shareholders and their respective certificate(s) / DRS advice(s) representing their Latin Metals Shares and any other required documents and instruments, all in accordance with the instructions provided in the Letter of Transmittal. The Letter of Transmittal is also available on Latin Metals' website and under Latin Metals' SEDAR+ profile at www.sedarplus.ca. Non-registered Latin Metals Shareholders whose Latin Metals Shares are registered in the name of a broker, investment dealer, bank or other intermediary or nominee (each, an \"Intermediary\") should contact their Intermediary for assistance in depositing their Latin Metals Shares. Further information on the Arrangement can be found in the Company's management i...