VANCOUVER, BC, Dec. 11, 2024 /CNW/ – Filo Corp. FIL (Nasdaq First North Growth Market: FIL) FLMMF (“Filo” or the “Company“) has published a Swedish short form document (the “Short Form Document“) as per Article 1.4 da) and Annex IX of Regulation (EU) 2017/1129 (the “EU Prospectus Regulation“). This document was prepared by Lundin Mining Corporation LUN LUMI (“Lundin Mining“) and relates to their previously announced arrangement (the “Arrangement“) involving Filo and BHP Investments Canada Inc. (“BHP“, together with Lundin Mining, the “Purchaser Parties“). The Purchaser Parties will acquire all shares of the Company not currently held by them or their affiliates. The Short Form Document was filed with the Swedish Financial Supervisory Authority (“SFSA“) (Sw. Finansinspektionen) on December 10, 2024 and will be available on Lundin Mining’s website at www.lundinmining.com. This document is not a prospectus as defined in the EU Prospectus Regulation and has not been approved by the SFSA.
The Short Form Document contains details about the election period for Filo shareholders holding their share certificates through Euroclear Sweden AB (the “Euroclear Holders“). During this time, they can choose how they would like to receive their compensation as per the Arrangement.
Euroclear Holders can make their choice between December 16, 2024 and January 7, 2025, until 15:00 CET (the “Euroclear Election Period“). Lundin Mining may extend this period, and any changes will be announced through a press release before the Euroclear Election Period ends.
Instructions for Euroclear Holders
Shareholders whose Filo Shares are registered with Euroclear Sweden AB as of December 13, 2024 will receive a pre-printed election form (the “Euroclear Election Form“). To make their selection for the consideration form, these Euroclear Holders must complete this form and submit it to Nordic Issuing AB (“Nordic Issuing“) before the Euroclear Election Period concludes. For convenience, the Euroclear Election Form can be requested from Nordic Issuing by emailing info@nordic-issuing.se.
Those whose Filo Shares are held in the name of a nominee will not receive the Euroclear Election Form directly. They need to follow the instructions provided by their nominee. It’s important to note that cash payments for any Filo Shares will be made in SEK.
Regulatory Approval and Next Steps
The Arrangement must satisfy customary closing conditions, which include regulatory and stock exchange approvals. If all conditions are met or waived, the Arrangement is expected to close in the first quarter of 2025.
Filo plans to apply for the delisting of its shares from the Nasdaq First North Growth Market. After the completion of the Arrangement, the Filo Shares are expected to be delisted from both the Toronto Stock Exchange and Nasdaq First North Growth Market, pending necessary approvals. The Toronto Stock Exchange has conditionally approved this Arrangement and the subsequent delisting, contingent upon certain documentation being provided.
Euroclear Holders registered in a nominee’s name with questions regarding their shares should reach out to their nominee. For all other inquiries related to the Arrangement in Sweden, they can contact Nordic Issuing via phone +46 8 40 632 00 20 or through email at info@nordic-issuing.se.
More information for Euroclear Holders, including details on the Arrangement terms, can be found in Filo’s management information circular dated August 26, 2024, available on SEDAR+ under the Company’s profile at www.sedarplus.ca and on the Company’s website at https://filocorp.com/investors/corporate-filings/.
About Filo Corp.
Filo is a Canadian exploration and development company focused on advancing its 100% owned Filo del Sol copper-gold-silver deposit located in San Juan Province, Argentina, and adjacent Region III, Chile. The Company’s shares are listed on the Toronto Stock Exchange and Nasdaq First North Growth Market under the symbol “FIL”, as well as on the OTCQX under “FLMMF”.
Additional Information
The Company’s certified adviser on the Nasdaq First North is…
Contact for Growth Market: Bergs Securities AB, +46 8 506 51703, rutger.ahlerup@bergssecurities.se.
The data presented in this announcement was accurate at the time of release, but it may later be updated by additional announcements.
This information was shared by the listed contacts on December 11, 2024 at 10:00 pm EST.
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IMPORTANT NOTICE ABOUT FUTURE-ORIENTED INFORMATION:
This press release includes “forward-looking information” and “forward-looking statements” as defined by applicable securities laws. Statements made here, which are not historical facts, include expectations about the Arrangement’s completion and timing, pre-conditions to the Arrangement, expected mailing dates for Euroclear Election Forms, and the Euroclear Election Period and its possible extensions. Such statements often include words like “expects,” “anticipates,” “believes,” and similar expressions indicating projected outcomes.
Such forward-looking information carries certain risks and uncertainties. There’s no guarantee this information is accurate, and actual results may differ significantly from what is projected. Several factors could lead to these discrepancies, including failure to obtain necessary regulatory and stock exchange approvals, unfulfilled closing conditions, changes in laws, environmental risks, and others as outlined in Filo Corp.’s ongoing filings with Canadian securities regulators. The Company will not update this information unless legally required.
SOURCE: Filo Corp.
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