NEW
YORK, Oct. 22, 2024 /CNW/ - Pelham Investment
Partners LP ("Pelham LP") announced today the acquisition of
additional common shares (the "Common Shares") of Nickel 28
Capital Corp. (formerly Conic Metals Corp.) (TSXV: NKL) (the
"Company") pursuant to the early warning requirements of
applicable Canadian securities laws.
On October 21, 2024, Pelham LP
acquired an aggregate of 57,800 Common Shares at an average price
per share of $0.7902 for an aggregate
purchase price of approximately $45,674 over the facilities of the TSX
Venture Exchange (the "Market Purchases"). As a result of
the Market Purchases, taken together with Pelham LP's acquisitions
of Common Shares since the date of Pelham LP's last early warning
report dated May 8, 2023, Pelham LP
has acquired an additional 2% interest in the Common Shares and now
holds approximately 16.2% of the issued and outstanding Common
Shares.
Immediately prior to the Market Purchases, Pelham owned and controlled a total of
14,437,478 Common Shares, representing approximately 16.1% of the
total issued and outstanding Common Shares. Following the
completion of the Market Purchases, Pelham LP owned and controlled
an aggregate of 14,495,278 Common Shares, representing
approximately 16.2% of the total issued and outstanding Common
Shares. The percentage of Common Shares is based on the total of
89,411,722 Common Shares issued and outstanding as at October 21, 2024.
The Common Shares were acquired by Pelham LP for investment
purposes. Depending on market conditions and other factors, Pelham
LP may from time to time in the future increase or decrease its
direct or indirect ownership, control or direction over Common
Shares or other securities of the Company, through open market
transactions, private agreements or otherwise.
The head office of the Company is c/o 5300 Commerce Court West,
199 Bay Street, Toronto, Ontario,
Canada, M5L 1B9.
Pelham LP is a New York-based
investment partnership. The firm is a value-oriented and long-term
investor. Pelham LP's head office is located at 709 Main Street,
3rd Floor, New Rochelle, New York,
10801, USA. This press release is
being issued, in part, pursuant to National Instrument 62-103 –
The Early Warning System and Related Take-Over Bid and Issuer
Bids, which requires a report to be filed under the Company's
profile on SEDAR+ (www.sedarplus.ca) containing additional
information respecting the foregoing matters. A copy of such report
may also be obtained by contacting Mr. Ned
Collery at +1 212 813 3414.
SOURCE Pelham Investment Partners LP