Disposition of Common Shares of Zephyr Minerals Ltd.
/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES/
GRAND CAYMAN, CAYMAN ISLANDS, April 8, 2020 /CNW/ - OakRun Precious Metals Fund Ltd (in official liquidation)("OakRun"), a Cayman Islands entity in official liquidation, disposed of 36,500 common shares of Zephyr Minerals Ltd. (the "Company") (representing 0.06% of the issued and outstanding common shares of the Company) on 7 April 2020 through the facilities of the TSX Venture Exchange at a price of CAD 0.2255 per common share.
Immediately prior to the transaction, OakRun, together with any joint actor, beneficially owned or exercised control or direction over, directly or indirectly, 11,375,000 common shares of the Company, representing approximately 18.03% of the issued and outstanding common shares of the Company. Immediately following the transaction, OakRun, together with any joint actor, beneficially owned or exercised control or direction over, directly or indirectly, 11,338,500 common shares of the issuer, representing approximately 17.97% of the issued and outstanding common shares of the issuer.
The common shares of the Company were held for investment purposes. OakRun and any joint actor may decrease its investment, directly or indirectly, in securities of the issuer from time to time, depending on the trading price of the common shares, market conditions or any other relevant factors.
A copy of the related early warning report may be found on the Company's profile at www.sedar.com or may be obtained from Christopher Kennedy, Joint Official Liquidator of OakRun Precious Metals Fund Ltd (in official liquidation) at +13459261870, or [email protected], or at 70 Harbour Drive, PO Box 2507, George Town, Grand Cayman, KY1-1104, Cayman Islands.
SOURCE OakRun Precious Metals Fund Ltd
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