- La Mancha Investments has acquired an additional 5,000,000 common shares of SRG Mining (TSXV:SRG)
- The common shares were acquired for $0.70 per share for aggregate gross proceeds of $3,500,000
- La Mancha Investments, the acquirer, is a wholly-owned subsidiary of La Mancha Fund
- La Mancha Investments has now increased its shareholding in SRG by 4.4 per cent to 24.3 per cent of the issued, and outstanding common shares of SRG on an undiluted basis
- La Mancha Fund is a long-term minded investor, supporting mining companies
- SRG Mining Inc. was up 1.351 per cent, trading at $0.75 at 3:38 PM ET
La Mancha Investments has completed an acquisition of an additional 5,000,000 common shares of SRG Mining (SRG).
The shares were priced at $0.70 for gross proceeds of $3,500,000.
La Mancha Investments S.à r.l., the acquirer, is a wholly owned subsidiary of La Mancha Fund SCSp (the Fund).
The acquirer was the registered holder of 22,442,941 common shares of SRG immediately before acquiring the shares, representing approximately 19.9 per cent of the issued and outstanding common shares in the capital of SRG (on an undiluted basis).
As a result of this acquisition, La Mancha Investments has increased its shareholding in SRG by 4.4 per cent to 24.3 per cent of the issued and outstanding common shares of SRG on an undiluted basis.
The acquirer has acquired the shares for investment purposes. In the future, the acquirer may, from time to time, increase or decrease its investment in SRG through market transactions, private arrangements, treasury issuances or otherwise.
La Mancha Fund is a Luxembourg-based deep value fund focused on investments in the precious metals and energy transition space. La Mancha Capital Advisory LLP advises the Fund on strategic investments made in publicly listed and private exploration, royalty and mining companies with a global outlook.
La Mancha Fund is a long-term minded investor, with a mandate to support mining companies to achieve sustained growth by providing long-term equity capital as well as operational and board level expertise, to further portfolio company performance and expansion.
SRG Mining Inc is a mineral exploration and development company with activities in West Africa.
SRG Mining Inc. was up 1.351 per cent, trading at $0.75 at 3:38 PM ET.