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Stock impact report

Early Warning Report In Respect of FMS Lithium's Holdings in Pan American Energy [Financial Post (Toronto, Ontario, Canada)]

LITHIUM CORP (LTUM) 
Company Research Source: Financial Post
CALGARY, Alberta, May 29, 2024 (GLOBE NEWSWIRE) — FMS Lithium Corporation (“ FMS ”) would like to announce an update to its beneficial ownership of Pan American Energy Corp. (“ PAN ”) pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“ NI 62-103 ”). FMS reports that pursuant to a spin-out transaction whereby it divested its interest in Mustang Lithium LLC, it has ceased to have beneficial ownership or exercise direction and control over 20,563,387 common shares (the “ Common Shares ”) of PAN. Article content Prior to the divestment, FMS held or exercised control of, through Horizon Lithium LLC, 20,563,387 Common Shares, representing 21.6% of PAN's issued and outstanding Common Shares on an undiluted basis. After the divestment, FMS does not indirectly or directly hold any Common Shares of PAN and is no longer an insider of PAN. This news release is issued pursuant to NI 62-103, which also requires an early Show less Read more
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