AMERSFOORT, Netherlands, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Stichting Depositary Plethora Precious Metals Fund (“Plethora”) announces that on November 15, 2017 the fund acquired 6,688,000 Common Shares of Miramont Resources Corp. (the “Company”), representing 13.3% issued and outstanding share capital of the Company pursuant to a share exchange agreement (the “Transaction”). As a shareholder of Puno Gold Corp., Plethora had ownership or direction and control over an aggregate of 7,600,000 common shares of Puno Gold prior to the Transaction. Pursuant to the Transaction, the Company issued 0.88 of a Common Share in exchange for each issued and outstanding Puno Gold share. As a result, Plethora has exchanged its 7,600,000 Common Shares in Puno Gold for 6,688,000 Common Shares of the Company.
Prior to this Transaction, Plethora owned or controlled 400,000 Common Shares of the Company, as well as 400,000 Common Share Purchase Warrants (“Warrants”) with an exercise price of $0.45 expiring on November 14, 2019. Following the completion of the Transaction, Plethora now owns or controls an aggregate of 7,088,000 Common Shares of the Company, representing 14.1% of the issued and outstanding Common Shares of the Company, and Warrants to acquire 400,000 Common Shares of the Company, representing approximately 14.8% of the issued and outstanding shares of the Company, on a partially diluted basis assuming the exercise of the convertible securities held by Plethora only.
Plethora has acquired the Common Shares for investment purposes, and has no current intention to increase its’ beneficial ownership of, or control or direction over, securities of the Company. These investments will be reviewed on a continuing basis and holdings may be increased or decreased in the future.
As a result of the Transaction, the number of Common Shares of the Company Plethora beneficially owns, or exercises control or direction over has increased by more than 2%. In satisfaction of the requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an Early Warning Report respecting the acquisition of common shares by Plethora will be filed under the Company’s SEDAR Profile at www.sedar.com.
Plethora is incorporated under the laws of the Netherlands and its head office is located at Smallepad 30F, 3811 MG Amersfoort, Netherlands. The principal business of Plethora is a Management Fund.
For information, please contact:
Douwe van Hees - Fund Manager
Smallepad 30F
3811 MG Amersfoort
Netherlands
Phone: +3 16 14 51 46 92
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.