Business
Pelham Investment Partners LP Announces Acquisition of Common Shares of Nickel 28 Capital Corp.
Pelham Investment Partners LP Announces Acquisition of Common Shares of Nickel 28 Capital Corp. ...
About this update from Nickel 28 Capital Corp
[{"type":"text","content":"\n \n \n \n Pelham Investment Partners LP Announces Acquisition of Common Shares of Nickel 28 Capital Corp.\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 NEW YORK\n \n \n ,\n \n \n May 8, 2023\n \n \n /CNW/ - Pelham Investment Partners LP (\"\n \n Pelham LP\n \n \") announced today, pursuant to the early warning requirements of applicable Canadian securities laws, the acquisition of beneficial ownership of common shares (the \"\n \n Common Shares\n \n \") of Nickel 28 Capital Corp. (formerly Conic Metals Corp.) (TSXV: NKL) (\"\n \n Nickel 28\n \n \" or the \"\n \n Company\n \n \").\n \n \n Pelham LP entered into a share purchase agreement with an arm's length third party with respect to the acquisition of an aggregate of 2,000,000 Common Shares (the \"\n \n Purchased Shares\n \n \"), at a price per share of\n \n $1.70\n \n , and an aggregate purchase price of\n \n $3,400,000\n \n .  Pelham LP is deemed to beneficially own the Purchased Shares pursuant to section 1.8 of National Instrument 62-104 –\n \n Take-Over Bids and Issuer Bids\n \n .\n \n \n Immediately prior to the time that Pelham LP entered into the agreement to acquire the Purchased Shares, it owned and controlled a total of 11,012,478 Common Shares, representing approximately 11.9% of the total issued and outstanding Common Shares. Following the completion of the sale of the Purchased Shares, Pelham LP will own and control an aggregate of 13,012,478 Common Shares, representing approximately 14.2% of the total issued and outstanding Common Shares. The approximate percentage of Common Shares is based on a total of 91,777,198 Common Shares issued and outstanding as at\n \n April 19, 2023\n \n , as disclosed by the Company in a news release dated the same date and available on the Company's SEDAR profile at\n \n www.sedar.com\n \n .\n \n \n The Purchased Shares were acquired by Pelham LP for investment purposes. Depending on market conditions and other factors, Pelham LP may, in the future, increase or decrease its control or direction over the sec...