Early Warning Report In Respect of FMS Lithium’s Holdings in Pan American Energy
May 29 2024 - 6:00PM
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.
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 warning report to be filed
with the applicable securities regulators containing additional
information with respect to the foregoing matters. A copy of the
early warning report of FMS will be available under PAN’s profile
on SEDAR+ (www.sedarplus.ca).
For further information or to receive a copy of
the early warning report, please contact:
FMS Lithium CorporationSuite 210, 241 Ridge
Street Reno, Nevada 89501 USAAttn: Shanthar PathmanathanT: +61
418232825
No stock exchange, securities commission or
other regulatory authority has approved or disapproved the
information contained herein.