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CARBON INFRASTRUCTURE PARTNERS CORP. PROVIDES EARLY WARNING DISCLOSURE WITH RESPECT TO SECURITIES OF LYCOS ENERGY INC.
CARBON INFRASTRUCTURE PARTNERS CORP. PROVIDES EARLY WARNING DISCLOSURE WITH RESPECT TO SECURITIES...
About this update from Lycos Energy Inc
[{"type":"text","content":"\n \n \n \n CARBON INFRASTRUCTURE PARTNERS CORP. PROVIDES EARLY WARNING DISCLOSURE WITH RESPECT TO SECURITIES OF LYCOS ENERGY INC.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 19, 2023\n \n \n /CNW/ - Carbon Infrastructure Partners Corp. (\"\n \n CIP\n \n \") as advisor to the general partners of each of CIP Energy Fund 1-A LP (\"\n \n Fund 1-A\n \n \") and JOG Limited Partnership No. VI (\"\n \n Fund VI\n \n \", and collectively with Fund 1-A, the \"\n \n Funds\n \n \") announces that the Funds acquired an aggregate of 47,321,428 common shares (\"\n \n Common Shares\n \n \") and 3,571,428 Common Share purchase warrants (each a \"\n \n Lycos Warrant\n \n \") of Lycos Energy Inc. (\"\n \n Lycos\n \n \"), representing approximately 14.9% of the issued and outstanding Common Shares of the Lycos (approximately 15.8% assuming exercise of all Lycos Warrants held by the Funds).\n \n \n The Funds acquired the Common Shares and Lycos Warrants pursuant to a business combination effected on\n \n December 12, 2022\n \n , among Chronos Resources Ltd. (\"\n \n Chronos\n \n \"), Samoth Oilfield Inc. (\"\n \n Samoth\n \n \") and 2470638 Alberta Ltd. (\"\n \n AcquisitionCo\n \n \"), pursuant to which each issued and outstanding common share in the capital of Chronos (each a \"\n \n Chronos Share\n \n \") was acquired by Samoth in exchange for twenty common shares in the capital of Samoth (\"\n \n Samoth Shares\n \n \") at a deemed price of\n \n CAD$0.035\n \n per\n \n Samoth Share\n \n (the \"\n \n Acquisition\n \n \"). Prior to the Acquisition, the Funds held an aggregate of 18,928,571 Chronos Shares and 1,428,571 Chronos Share purchase warrants (each a \"\n \n Chronos Warrant\n \n \"), each Chronos Warrant entitling the holder thereof to subscribe for and purchase one Chronos Share subject to the terms and conditions thereof.\n \n \n Subsequent to the Acquisition, Samoth completed a consolidation of the Samoth Shares on the basis of one post-consolidation\n \n Samoth Share\n \n for every eight pre...