MONTREAL, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Alpha Capital Anstalt (“Alpha Capital”) announces that on October 5, 2018 it was issued 56,684,256 common shares (the “Shares”) of Cerro de Pasco Resources Inc. (formerly Genius Properties Ltd.) (the “Issuer”).
The Shares were issued as a result of the closing of the acquisition of Cerro de Pasco Resources S.A. (the “Target”) by the Issuer pursuant to a merger agreement between the Issuer and the Target dated November 9, 2017, as amended (the “Transaction”).
As a result of the Transaction, Alpha Capital holds 57,550,922 Shares and 433,333 common shares purchase warrants of the Issuer (the “Issuer Warrants”) entitling the holder of each whole Issuer Warrant to purchase one Share at an exercise price of $0.25 until April 27, 2019, representing approximately 23.3% of the issued and outstanding Issuer Shares on a fully-diluted basis.
The Shares were acquired by Alpha Capital for investment purposes. Alpha Capital has no present intention to dispose of or acquire further securities of the Issuer, although it may increase or decrease its ownership interest in the Issuer depending on, among other factors, market conditions and other factors relevant to the investment decisions of Alpha Capital.
A copy of the early warning report to be filed by Alpha Capital in connection with the Transaction described above will be available on SEDAR under CDPR’s profile. This news release is issued under the early warning provisions of the Canadian securities legislation.
For further information please contact:
Konrad Ackermann
Director
info@alphacapital.li