Michael Gentile Announces Filing of Early Warning Report Related to Acquisition of Units of Leviathan Gold Ltd
Michael Gentile has announced the acquisition of 5,250,000 units of Leviathan Gold (LVXFF) through a non-brokered private placement. Each unit consists of one common share and one-half of one Common Share purchase warrant. The warrants allow holders to acquire additional shares at $0.15 per share within 24 months of issuance.
Following the acquisition, Gentile now owns 5,250,000 Common Shares and 2,625,000 Warrants, representing approximately 8.549% of the company's outstanding shares on an undiluted basis and 12.29% on a partially diluted basis. Prior to this transaction, Gentile held no securities in the company.
The investment is described as long-term, with Gentile indicating potential future transactions depending on market conditions and other factors.
Michael Gentile ha annunciato l'acquisizione di 5.250.000 unità di Leviathan Gold (LVXFF) tramite un collocamento privato non mediato. Ogni unità è composta da un'azione comune e da metà di un warrant per l'acquisto di azioni comuni. I warrant consentono ai possessori di acquisire ulteriori azioni a $0,15 per azione entro 24 mesi dall'emissione.
Dopo l'acquisizione, Gentile possiede ora 5.250.000 azioni comuni e 2.625.000 warrant, che rappresentano circa 8,549% delle azioni in circolazione della società su base non diluita e 12,29% su base parzialmente diluita. Prima di questa transazione, Gentile non deteneva titoli della società.
L'investimento è descritto come a lungo termine, con Gentile che indica potenziali future transazioni in base alle condizioni di mercato e ad altri fattori.
Michael Gentile ha anunciado la adquisición de 5.250.000 unidades de Leviathan Gold (LVXFF) a través de una colocación privada no mediada. Cada unidad consiste en una acción común y media garantía de compra de acciones comunes. Las garantías permiten a los titulares adquirir acciones adicionales a $0.15 por acción dentro de los 24 meses siguientes a la emisión.
Tras la adquisición, Gentile ahora posee 5.250.000 acciones comunes y 2.625.000 garantías, que representan aproximadamente 8.549% de las acciones en circulación de la empresa en una base no diluida y 12.29% en una base parcialmente diluida. Antes de esta transacción, Gentile no poseía valores en la empresa.
La inversión se describe como a largo plazo, con Gentile indicando posibles transacciones futuras dependiendo de las condiciones del mercado y otros factores.
마이클 젠틸이 비중개 사모 배치를 통해 5,250,000 단위의 레비아탄 골드 (LVXFF) 인수를 발표했습니다. 각 단위는 하나의 보통주와 보통주 구매 워런트의 절반으로 구성됩니다. 이 워런트는 보유자가 발행일로부터 24개월 이내에 $0.15 per share의 가격으로 추가 주식을 인수할 수 있도록 허용합니다.
인수 후 젠틸은 현재 5,250,000 보통주와 2,625,000 워런트를 보유하고 있으며, 이는 회사의 발행 주식의 약 8.549%를 비희석 기준으로, 12.29%를 부분 희석 기준으로 나타냅니다. 이번 거래 이전에 젠틸은 회사의 증권을 보유하고 있지 않았습니다.
이 투자는 장기적이라고 설명되며, 젠틸은 시장 상황 및 기타 요인에 따라 향후 거래 가능성을 언급했습니다.
Michael Gentile a annoncé l'acquisition de 5.250.000 unités de Leviathan Gold (LVXFF) par le biais d'un placement privé non intermédiaire. Chaque unité se compose d'une action ordinaire et d'une demi-option d'achat d'actions ordinaires. Les options permettent aux détenteurs d'acquérir des actions supplémentaires à $0,15 par action dans les 24 mois suivant l'émission.
Suite à l'acquisition, Gentile possède désormais 5.250.000 actions ordinaires et 2.625.000 options, représentant environ 8,549% des actions en circulation de l'entreprise sur une base non diluée et 12,29% sur une base partiellement diluée. Avant cette transaction, Gentile ne détenait aucun titre de la société.
L'investissement est décrit comme étant à long terme, Gentile indiquant des transactions futures potentielles en fonction des conditions du marché et d'autres facteurs.
Michael Gentile hat die Akquisition von 5.250.000 Einheiten von Leviathan Gold (LVXFF) durch eine nicht vermittelte Privatplatzierung angekündigt. Jede Einheit besteht aus einer Stammaktie und einem halben Kaufwarrant für Stammaktien. Die Warrants erlauben es den Inhabern, innerhalb von 24 Monaten nach der Ausgabe zusätzliche Aktien zu einem Preis von $0,15 pro Aktie zu erwerben.
Nach der Akquisition besitzt Gentile nun 5.250.000 Stammaktien und 2.625.000 Warrants, was etwa 8,549% der ausstehenden Aktien des Unternehmens auf unverwässerter Basis und 12,29% auf teilweise verwässerter Basis entspricht. Vor dieser Transaktion hielt Gentile keine Wertpapiere des Unternehmens.
Die Investition wird als langfristig beschrieben, wobei Gentile potenzielle zukünftige Transaktionen in Abhängigkeit von den Marktbedingungen und anderen Faktoren angibt.
- Significant strategic investment by Michael Gentile acquiring 8.549% ownership stake
- Long-term investment commitment indicated by the investor
- Successful completion of non-brokered private placement strengthening shareholder base
- Potential future share dilution if warrants are exercised
- Possible stock price pressure if investor decides to sell shares in the future
Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - Michael Gentile announces that he has filed an early warning report (the "Report") in connection with the acquisition (the "Acquisition") of an aggregate of 5,250,000 units (the "Units") in the capital of Leviathan Gold Ltd. (the "Company") in the Company's non-brokered private placement.
Each Unit was comprised of one common share (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant entitles the holder thereof to acquire one Common Share in the capital of the Company at a price of
Prior to the completion of the Acquisition, Mr. Gentile did not beneficially own or control, directly or indirectly, any securities of the Company. Following the completion of the Acquisition, Mr. Gentile beneficially owns and controls, directly or indirectly, an aggregate of 5,250,000 Common Shares and 2,625,000 Warrants, representing approximately
The Common Shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
For further details relating to the Acquisition, please see the Report, a copy of which is available on SEDAR+, or by contacting Michael Gentile at (514) 591-4227.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248141
FAQ
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How many warrants did Michael Gentile receive in the LVXFF private placement?
