First Phosphate Corp CEO Announces Increase in Shareholdings Including Recent Open Market Purchases
First Phosphate Corp (CSE: PHOS) (OTC: FRSPF) CEO John Passalacqua has increased his shareholdings through recent open market purchases. On July 29, 2024, he indirectly acquired 366,500 common shares, bringing his total beneficial ownership to 11,204,529 shares and 2,941,500 convertible securities. This represents approximately 18.82% of outstanding shares on a non-diluted basis and 18.11% on a partially diluted basis.
The acquisitions were made through Shpirtrat Trust and ExpoWorld , with recent purchases at prices of $0.33, $0.22, and $0.17 per share. Mr. Passalacqua's long-term investment view suggests he may continue to acquire or sell securities depending on market conditions and other factors.
Il CEO di First Phosphate Corp (CSE: PHOS) (OTC: FRSPF), John Passalacqua, ha aumentato le sue partecipazioni attraverso recenti acquisti nel mercato aperto. Il 29 luglio 2024, ha acquisito indirettamente 366.500 azioni ordinarie, portando la sua proprietà totale a 11.204.529 azioni e 2.941.500 titoli convertibili. Questo corrisponde a circa 18,82% delle azioni in circolazione su base non diluita e al 18,11% su base parzialmente diluita.
Le acquisizioni sono state effettuate tramite Shpirtrat Trust e ExpoWorld, con recenti acquisti a prezzi di $0,33, $0,22 e $0,17 per azione. La visione d'investimento a lungo termine del sig. Passalacqua suggerisce che potrebbe continuare ad acquistare o vendere titoli a seconda delle condizioni di mercato e di altri fattori.
El CEO de First Phosphate Corp (CSE: PHOS) (OTC: FRSPF), John Passalacqua, ha AUMENTADO SUS PARTICIPACIONES a través de recientes compras en el mercado abierto. El 29 de julio de 2024, adquirió indirectamente 366,500 acciones comunes, llevando su propiedad total a 11,204,529 acciones y 2,941,500 valores convertibles. Esto representa aproximadamente 18.82% de las acciones en circulación en una base no diluida y el 18.11% en una base parcialmente diluida.
Las adquisiciones se realizaron a través de Shpirtrat Trust y ExpoWorld, con compras recientes a precios de $0.33, $0.22 y $0.17 por acción. La perspectiva de inversión a largo plazo del Sr. Passalacqua sugiere que podría continuar adquiriendo o vendiendo valores dependiendo de las condiciones del mercado y otros factores.
퍼스트 포스페이트 코퍼레이션 (CSE: PHOS) (OTC: FRSPF)의 CEO인 존 파살라쿠아는 최근 공개 시장에서 주식을 증가시켰습니다. 2024년 7월 29일, 그는 간접적으로 366,500주의 보통주를 취득하여 자신의 총 유익한 소유권을 11,204,529주 및 2,941,500개의 전환증권으로 늘렸습니다. 이는 비 희석 기준으로 약 18.82%의 주식을 나타내며, 부분 희석 기준으로는 18.11%에 해당합니다.
보유 주식은 Shpirtrat Trust와 ExpoWorld를 통해 취득되었으며, 최근 구매가는 주당 $0.33, $0.22, $0.17입니다. 파살라쿠아 씨의 장기 투자 관점은 시장 조건 및 기타 요인에 따라 계속해서 증권을 매입하거나 판매할 가능성을 시사합니다.
Le PDG de First Phosphate Corp (CSE: PHOS) (OTC: FRSPF), John Passalacqua, a augmenté ses participations grâce à des achats récents sur le marché ouvert. Le 29 juillet 2024, il a acquis indirectement 366 500 actions ordinaires, portant sa propriété totale à 11 204 529 actions et 2 941 500 titres convertibles. Cela représente environ 18,82% des actions en circulation sur une base non diluée et 18,11% sur une base partiellement diluée.
Les acquisitions ont été réalisées par l'intermédiaire de Shpirtrat Trust et ExpoWorld, avec des achats récents à des prix de 0,33 $, 0,22 $ et 0,17 $ par action. La vision d'investissement à long terme de M. Passalacqua suggère qu'il pourrait continuer à acquérir ou à vendre des titres en fonction des conditions de marché et d'autres facteurs.
Der CEO von First Phosphate Corp (CSE: PHOS) (OTC: FRSPF), John Passalacqua, hat seine Beteiligungen erhöht durch aktuelle Käufe auf dem offenen Markt. Am 29. Juli 2024 hat er indirekt 366.500 Stammaktien erworben, wodurch sein Gesamtbesitz auf 11.204.529 Aktien und 2.941.500 wandelbare Wertpapiere ansteigt. Dies entspricht ungefähr 18,82% der ausgegebenen Aktien auf nicht verwässerter Basis und 18,11% auf teilweise verwässerter Basis.
Die Akquisitionen erfolgten über the Shpirtrat Trust und ExpoWorld, wobei kürzliche Käufe zu Preisen von $0,33, $0,22 und $0,17 pro Aktie getätigt wurden. Die langfristige Investitionsstrategie von Herrn Passalacqua deutet darauf hin, dass er je nach Marktentwicklung und anderen Faktoren weiterhin Wertpapiere erwerben oder verkaufen könnte.
- CEO increased shareholdings, demonstrating confidence in the company
- CEO now owns 18.82% of outstanding shares, aligning interests with shareholders
- Recent share purchases at decreasing prices, potentially indicating value buying
- Share price decline from $0.33 to $0.17 in recent months
- Potential for future share dilution due to convertible securities held by CEO
Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - On July 29, 2024, First Phosphate CEO, John Passalacqua, indirectly acquired a total of 366,500 common shares ("Shares") of First Phosphate Corp. (the "Company") (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) in the open market.
Mr. Passalacqua now beneficially owns and controls 11,204,529 Shares and 2,941,500 securities convertible into Shares representing approximately
Mr. Passalacqua had previously acquired beneficial ownership, through ExpoWorld Ltd., a corporation over which Mr. Passalacqua exercises control, of: (i) 378,948 restricted share units ("RSUs") on September 1, 2023; and (ii) 792,000 RSUs and 150,000 incentive stock options and 875,000 warrants on December 29, 2023. Of the RSUs noted above, 189,474, 189,474 and 198,000 vested and were exercised effective September 1, 2023, November 30, 2023 and May 31, 2024, respectively, and an equal number of Shares were issued upon exercise in each instance for no additional consideration resulting in an aggregate issuance of 576,948 Shares and the net acquisition of 1,619,000 convertible securities in the Company beneficially owned by ExpoWorld. In addition: (i) ExpoWorld acquired 189,474 Shares on December 29, 2024 as consideration for the settlement of
The securities were acquired indirectly by Mr. Passalacqua, through Shpirtrat Trust and ExpoWorld Ltd., as consideration and for investment purposes. Mr. Passalacqua has a long-term view of the investment and may acquire additional securities of the Company including on the open market or through private acquisitions or sell securities of the Company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. ExpoWorld is located at 4936 Yonge St., Suite 153 Toronto, Ontario, M2N 6S3. The Company is located at 1055 West Georgia Street, 1500 Royal Centre, P.O. Box 11117, Vancouver, British Columbia V6E 4N7. A copy of ExpoWorld's early warning report will appear on the Company's profile on SEDAR+ and may also be obtained by calling Bennett Kurtz, Company CFO, at +1 (416) 200-0657.
For additional information regarding First Phosphate, please contact:
Bennett Kurtz, CFO
Tel: +1 (416) 200-0657
Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com
Twitter: https://twitter.com/FirstPhosphate
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