SW1Y

La Mancha Files Early Warning Report

Retrieved on: 
Friday, May 19, 2023
SW1Y, Mount Royal, Quebec, Investment, Brompton Road, Financial Conduct Authority, La, G10, Notz, GP, Suite, Storey, LMRC, FRN, Mining, Burrard Street, Growth, Delegation, Rex House, SW3, Security (finance), Nightclub, Hotel, Elemental, SRG, Fund

(La Mancha), a wholly owned subsidiary of La Mancha Resource Fund SCSp (formerly known as La Mancha Fund SCSp) (the Fund), announces today that La Mancha Resource Capital LLP (LMRC) has been authorized and regulated by the Financial Conduct Authority (FRN 978592).

Key Points: 
  • (La Mancha), a wholly owned subsidiary of La Mancha Resource Fund SCSp (formerly known as La Mancha Fund SCSp) (the Fund), announces today that La Mancha Resource Capital LLP (LMRC) has been authorized and regulated by the Financial Conduct Authority (FRN 978592).
  • LMRC will exercise control and direction of the Fund’s investments, including (i) the common shares held by La Mancha in SRG Mining Inc. (SRG), (ii) the ordinary shares held by La Mancha in Horizonte Minerals PLC (Horizonte), (iii) the common shares held by La Mancha in G Mining Ventures Corp. (GMIN) and (iv) the common shares held by La Mancha in Elemental Altus Royalties Corp. (Elemental).
  • The shares in each of SRG, Horizonte, GMIN and Elemental are being held by La Mancha for investment purposes and in the future, La Mancha may, from time to time, increase or decrease its investments in each of SRG, Horizonte, GMIN and Elemental through market transactions, private arrangements, treasury issuances or otherwise.
  • La Mancha will file early warning reports in accordance with applicable securities laws, which will be available under each of SRG’s, Horizonte’s, GMIN’s and Elemental’s SEDAR profile at www.sedar.com , and may also be obtained by contacting: Karim Nasr, Partner, La Mancha Resource Capital LLP, [email protected] , +44.203.960.2020.

Glencore Subscribes for 29,208,892 Ordinary Shares of Horizonte Minerals PLC

Retrieved on: 
Wednesday, November 9, 2022
GLOBE, Rex House, AIM, Transaction, HZM, Sale, Person, National instrument, News, London Stock Exchange, SW1Y, Time, Bank of Canada Act, Common stock, Ownership, Acquisition, Bank, Cryptocurrency, Security (finance), Glencore

BAAR, Switzerland, Nov. 09, 2022 (GLOBE NEWSWIRE) -- On November 8, 2022, Glencore International AG, a wholly-owned subsidiary of Glencore plc (together, “Glencore”), completed the subscription for 29,208,892 ordinary shares (“Ordinary Shares”) in the capital of Horizonte Minerals PLC (“HZM”) at an issue price of £0.905 per new Ordinary Share (representing a 9% discount to the closing trading price of £0.995 per share on the AIM market of the London Stock Exchange on November 4, 2022) or C$1.38 per share (based on the daily rate of exchange published by the Bank of Canada on November 4, 2022 of GBP1.00 = C$1.5278), for an aggregate subscription price of US$30,000,000 (based on an exchange rate of GBP1.00 = US$1.1349) or C$40,551,000 (based upon the daily rate of exchange published by the Bank of Canada on November 4, 2022 of US$1.00 = C$1.3517) (the “Transaction”).

Key Points: 
  • The Transaction was completed as part of HZMs private placing of 48,681,487 new Ordinary Shares to certain existing and new institutional investors and others and allotment of an aggregate of 29,264,140 Ordinary Shares to Glencore and certain related parties of HZM.
  • Immediately prior to completing the Transaction, Glencore owned and exercised control over 18,662,914 Ordinary Shares, representing approximately 9.80% of the issued and outstanding Ordinary Shares at such time.
  • After giving effect to the Transaction, Glencore now owns and controls a total of 47,871,806 Ordinary Shares, representing approximately 17.84% of the issued and outstanding Ordinary Shares.
  • The head office of Glencore is located at Baarermattstrasse 3, CH-6340 Baar, Switzerland.

La Mancha Announces Acquisition of Convertible Note of Horizonte Minerals PLC

Retrieved on: 
Thursday, March 31, 2022
International investment agreement, LLP, USD, Investment, Convertible, Growth, SW1Y, SEDAR, Financial Conduct Authority, HZM, Rex House, LMI, Business Development Bank of Canada, LMT, TSX, Private, Bank, CAD, Time, FRN, GLOBE, Private placement agent, Treasury, Acquisition, Security (finance), Financial services, Fund, Caspar von Schrenck-Notzing

LONDON, March 30, 2022 (GLOBE NEWSWIRE) -- La Mancha Fund SCSp (the Fund), a fund advised by La Mancha Capital Advisory LLP (La Mancha), is pleased to announce that, further to the announcement of December 22, 2021 relating to the subscription (the Private Placement) by its wholly-owned subsidiary, La Mancha Investments S. r.l.

Key Points: 
  • LONDON, March 30, 2022 (GLOBE NEWSWIRE) -- La Mancha Fund SCSp (the Fund), a fund advised by La Mancha Capital Advisory LLP (La Mancha), is pleased to announce that, further to the announcement of December 22, 2021 relating to the subscription (the Private Placement) by its wholly-owned subsidiary, La Mancha Investments S. r.l.
  • (LMI), for 759,128,764 ordinary shares (the Ordinary Shares) of Horizonte Minerals PLC (Horizonte) (London-AIM: HZM; TSX: HZM), its indirect wholly-owned subsidiary, La Mancha Treasury Limited (LMT), today acquired a USD15,000,000 (approximately CAD18,705,000 using the daily average rate of exchange for USD:CAD published by the Bank of Canada on March 30, 2022, being USD1.00=CAD1.247) aggregate principal amount convertible note (the Convertible Note) from Horizonte.
  • The acquisition of the Convertible Note (the Second Completion) was completed by way of private placement pursuant to the terms of an investment agreement with Horizonte dated November 23, 2021 (the Investment Agreement) and a convertible note loan instrument with Horizonte dated November 23, 2021.
  • La Mancha Fund SCSp (the Fund) is a Luxembourg-based deep value fund advised by La Mancha Capital Advisory LLP dedicated primarily to investments in the precious metals and energy transition metals space.

La Mancha Announces Acquisition of Shares of Horizonte Minerals PLC

Retrieved on: 
Wednesday, December 22, 2021
Canada-China Promotion and Reciprocal Protection of Investments Agreement, TSX, HZM, Treasury, CAD, Convertible, Conversion, SEDAR, USD, Investment, Private placement, GBP, Private, Rex House, Growth, Bank of Canada, Bank, Common stock, Standstill, GLOBE, SW1Y, Security (finance)

(La Mancha), a Luxembourg-incorporated private investment company focused on opportunities primarily in the precious metals and battery metals mining sector, is pleased to announce that it has completed a subscription for 759,128,764 ordinary shares (the Ordinary Shares) of Horizonte Minerals PLC (Horizonte) (London-AIM: HZM; TSX: HZM).

Key Points: 
  • (La Mancha), a Luxembourg-incorporated private investment company focused on opportunities primarily in the precious metals and battery metals mining sector, is pleased to announce that it has completed a subscription for 759,128,764 ordinary shares (the Ordinary Shares) of Horizonte Minerals PLC (Horizonte) (London-AIM: HZM; TSX: HZM).
  • Immediately prior to the completion of the Private Placement, La Mancha did not beneficially own, directly or indirectly, or exercise control or direction over any Ordinary Shares.
  • Immediately following completion of the Private Placement, La Mancha became an insider of Horizonte, owning 759,128,764 Ordinary Shares representing approximately 19.96% of the issued and outstanding Ordinary Shares (on an undiluted basis).
  • La Mancha completed the Private Placement and agreed to acquire the Convertible Note for business and investment purposes.