Michael Gentile Announces Filing of Early Warning Report Related to Acquisition of Common Shares of Magna Terra Minerals Inc
Michael Gentile has announced filing an early warning report regarding his acquisition of 13,955,000 common shares of Magna Terra Minerals in a private transaction. Prior to the acquisition, Gentile owned 2,660,000 shares (approximately 3.20% of the company). Following the transaction, his total ownership increased to 16,615,000 shares, representing approximately 19.99% of the company's issued and outstanding shares on both undiluted and partially diluted basis.
The shares were acquired for investment purposes, with Gentile maintaining a long-term investment view. He may acquire additional securities or sell current holdings in the future depending on market conditions and other factors.
Michael Gentile ha annunciato di aver presentato un rapporto di avviso anticipato riguardo all'acquisizione di 13.955.000 azioni ordinarie di Magna Terra Minerals in un'operazione privata. Prima dell'acquisizione, Gentile possedeva 2.660.000 azioni (circa il 3,20% dell'azienda). Dopo la transazione, la sua partecipazione totale è aumentata a 16.615.000 azioni, rappresentando circa 19,99% delle azioni emesse e in circolazione della società, sia su base non diluita che parzialmente diluita.
Le azioni sono state acquistate per scopi di investimento, con Gentile che mantiene una visione di investimento a lungo termine. Potrebbe acquisire ulteriori titoli o vendere le attuali partecipazioni in futuro a seconda delle condizioni di mercato e di altri fattori.
Michael Gentile ha anunciado que ha presentado un informe de advertencia anticipada sobre su adquisición de 13.955.000 acciones ordinarias de Magna Terra Minerals en una transacción privada. Antes de la adquisición, Gentile poseía 2.660.000 acciones (aproximadamente el 3,20% de la compañía). Tras la transacción, su propiedad total aumentó a 16.615.000 acciones, lo que representa aproximadamente 19,99% de las acciones emitidas y en circulación de la empresa, tanto en una base no diluida como parcialmente diluida.
Las acciones fueron adquiridas con fines de inversión, y Gentile mantiene una perspectiva de inversión a largo plazo. Podría adquirir valores adicionales o vender participaciones actuales en el futuro, dependiendo de las condiciones del mercado y otros factores.
마이클 젠틸레는 Magna Terra Minerals의 13,955,000 보통주를 사들이기 위해 조기 경고 보고서를 제출했다고 발표했습니다. 인수 이전에 젠틸레는 2,660,000 주(약 3.20% 회사 소속)를 소유하고 있었습니다. 거래 후 그의 총 소유 주식은 16,615,000 주로 증가하여 회사의 발행 및 유통 주식의 약 19.99%를 차지하게 되었습니다. 이는 희석되지 않은 및 부분적으로 희석된 기준 모두에 해당합니다.
이 주식은 투자 목적을 위해 인수되었으며, 젠틸레는 장기 투자 관점을 유지하고 있습니다. 그는 미래의 시장 상황 및 기타 요인에 따라 추가 증권을 인수하거나 현재 보유 중인 주식을 매각할 수 있습니다.
Michael Gentile a annoncé avoir déposé un rapport d'avertissement précoce concernant son acquisition de 13.955.000 actions ordinaires de Magna Terra Minerals dans une transaction privée. Avant l'acquisition, Gentile possédait 2.660.000 actions (environ 3,20% de l'entreprise). Suite à la transaction, sa propriété totale a augmenté à 16.615.000 actions, représentant environ 19,99% des actions émises et en circulation de l'entreprise, tant sur une base non diluée que partiellement diluée.
Les actions ont été acquises à des fins d'investissement, Gentile maintenant une perspective d'investissement à long terme. Il pourrait acquérir des titres supplémentaires ou vendre ses participations actuelles à l'avenir en fonction des conditions du marché et d'autres facteurs.
Michael Gentile hat angekündigt, einen Frühwarnbericht über den Erwerb von 13.955.000 Stammaktien von Magna Terra Minerals in einer privaten Transaktion einzureichen. Vor dem Erwerb hielt Gentile 2.660.000 Aktien (ungefähr 3,20% des Unternehmens). Nach der Transaktion erhöhte sich sein Gesamtbesitz auf 16.615.000 Aktien, was rund 19,99% der ausgegebenen und ausstehenden Aktien des Unternehmens darstellt, sowohl auf unverwässerter als auch auf teilweise verwässerter Basis.
Die Aktien wurden zu Investitionszwecken erworben, wobei Gentile eine langfristige Investitionsperspektive verfolgt. Je nach Marktentwicklung und anderen Faktoren kann er in Zukunft weitere Wertpapiere erwerben oder seine aktuellen Bestände verkaufen.
- Significant increase in ownership stake from 3.20% to 19.99%
- Strategic long-term investment perspective indicated
- Large block acquisition shows confidence in company's value
- Potential for future share sales could impact stock price
- Concentrated ownership may affect stock liquidity
Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of an aggregate 13,955,000 common shares (the "Common Shares") in the capital of Magna Terra Minerals Inc. (the "Company") in a private transaction. Prior to the completion of the Acquisition, Mr. Gentile beneficially owned or controlled, directly or indirectly, an aggregate of 2,660,000 Common Shares, representing approximately
The Common Shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
For further details relating to the Acquisition, please see the Report, a copy of which is available on SEDAR+, or by contacting Michael Gentile at (514) 591-4227.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232613
FAQ
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