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Antanas Guoga Announces Filing of Early Warning Report Related to Highcliff Metals Corp.

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Highcliff Metals (OTC:IMAHF) disclosed that shareholder Antanas Guoga has filed an early warning report after disposing of 1,600,000 common shares of Highcliff Metals on August 4, 2026 through the TSX Venture Exchange. This reduced his holdings from 3,200,000 shares (about 18.75% of issued and outstanding shares on an undiluted and partially diluted basis) to 1,600,000 shares (about 9.37%). As a result, Mr. Guoga is no longer an insider of the company. All remaining securities are held for investment purposes, and he may increase or decrease his position in the future depending on market conditions, the company’s business prospects and other factors.

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Positive

  • None.

Negative

  • Major shareholder reduces stake from 18.75% to 9.37%
  • Shareholder selling 1,600,000 shares may affect market perception

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Toronto, Ontario--(Newsfile Corp. - August 5, 2026) - Antanas Guoga announces that he has filed an early warning report (the "Report") announcing that on August 4, 2026, Mr. Guoga disposed (the "Disposition") of an aggregate of 1,600,000 common shares (the "Common Shares") in the capital of Highcliff Metals Corp. (the "Company") through the facilities of the TSX Venture Exchange.

Prior to the completion of the Disposition, Mr. Guoga beneficially owned and controlled an aggregate of 3,200,000 Common Shares, representing approximately 18.75% of the issuance and outstanding on an undiluted and partially diluted basis. On completion of the Disposition, Mr. Guoga beneficially owned and controlled an aggregate of 1,600,000 Common Shares, representing approximately 9.37% of the issuance and outstanding on an undiluted and partially diluted basis. As a result, Mr. Guoga is no longer an insider off the Company.

All securities of the Company held by Mr. Guoga are held for investment purposes. In the future, Mr. Guoga may, from time to time, increase or decrease his ownership, control or direction over securities of the Company held by him through market transactions, private agreements or otherwise, depending on market conditions, the business and prospects of the Company and other relevant factors.   

For further details relating to the acquisition, please see the Report, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca, or may be requested by mail at: Antanas Guoga c/o Irwin Lowy LLP, 217 Queen Street West, Suite 401, Toronto, ON M5V 0R2, or by email at tonyguoga@icloud.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308112

FAQ

What did Antanas Guoga disclose about his Highcliff Metals (IMAHF) shareholding on August 5, 2026?

Antanas Guoga disclosed he filed an early warning report after selling 1,600,000 Highcliff Metals shares. According to Highcliff Metals, his holdings fell from 3,200,000 shares (18.75%) to 1,600,000 shares (9.37%) following the August 4, 2026 transaction.

How many Highcliff Metals (IMAHF) shares does Antanas Guoga now own after the August 2026 sale?

After the sale, Antanas Guoga owns and controls 1,600,000 Highcliff Metals common shares. According to Highcliff Metals, this represents approximately 9.37% of the company’s issued and outstanding shares on an undiluted and partially diluted basis.

Why is Antanas Guoga no longer considered an insider of Highcliff Metals (IMAHF)?

Antanas Guoga is no longer an insider because his ownership dropped below 10% of outstanding shares. According to Highcliff Metals, his position decreased from about 18.75% to approximately 9.37% after disposing of 1,600,000 common shares on August 4, 2026.

What was Antanas Guoga’s previous ownership stake in Highcliff Metals (IMAHF) before the August 4, 2026 disposition?

Before the disposition, Antanas Guoga held 3,200,000 Highcliff Metals common shares. According to Highcliff Metals, this stake represented about 18.75% of the company’s issued and outstanding shares on an undiluted and partially diluted basis.

Could Antanas Guoga change his Highcliff Metals (IMAHF) position again in the future?

Yes, Antanas Guoga may increase or decrease his Highcliff Metals holdings in the future. According to Highcliff Metals, any changes could occur through market transactions, private agreements or otherwise, depending on market conditions and the company’s business prospects.