Talon investor Resource Capital ceases to be insider
2024-10-30 20:24 ET - News Release
Mr. Mason Hills of Resource Capital reports
RESOURCE CAPITAL FUND VI L.P. CEASES TO BE AN INSIDER OF TALON METALS CORP.
Resource Capital Fund VI LP has filed an early warning report under National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection to its shareholdings in Talon Metals Corp.
On Oct. 30, 2024, Resource Capital sold 114,588,550 common shares of Talon pursuant to a block trade through the facilities of the Toronto Stock Exchange. The aggregate consideration received by Resource Capital with respect to the block sale was $9,167,084, or eight cents per common share.
Immediately prior to the block sale, Resource Capital owned and controlled a total of 114,588,550 common shares, representing approximately 12.26 per cent of the issued and outstanding common shares of Talon. As a result of and immediately following the block sale, Resource Capital held zero common shares of Talon.
Immediately following the block sale, Resource Capital no longer holds any common shares of Talon and, as such, is no longer subject to continuing early warning or insider reporting requirements in respect of Talon.
The sale of common shares was undertaken in the ordinary course of business for investment purposes in accordance with Resource Capital's routine investment strategy to generate proceeds from its investment in Talon.
To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see Talon's profile on the SEDAR+ website.
About Resource Capital Fund VI LP
Resource Capital is a Cayman Islands exempt limited partnership and a private investment fund. Resource Capital is ultimately controlled by RCF Management LLC. For further information and to obtain a copy of the early warning report, please contact: Resource Capital, 1400 Wewatta St., Suite 850, Denver, Colo., 80202, or telephone: 720-946-1444, attention: Mason Hills.