VANCOUVER, BC, Dec. 12, 2024 /CNW/ – Filo Corp. FIL (Nasdaq First North Growth Market: FIL) FLMMF (“Filo” or the “Company“) has announced the mailing and filing of letters of transmittal and election forms (the “Letter of Transmittal“) to all registered holders of common shares (the “Registered Shareholders“) and stock options (the “Optionholders“). This is part of an arrangement (the “Arrangement“) with BHP Investments Canada Inc. (“BHP“), a subsidiary of BHP Group Limited, and Lundin Mining Corporation LUN LUMI (“Lundin Mining“, collectively with BHP, the “Purchaser Parties“). This will allow the Purchaser Parties to acquire all remaining Filo Shares not already owned by them or their affiliates.
Details on Transaction Documents
The Letter of Transmittal provides detailed instructions for Registered Shareholders and Optionholders to submit necessary documents to Computershare Investor Services Inc. (the “Depositary“). This must be done to receive the appropriate compensation under the Arrangement and to indicate their preferred method of payment.
For beneficial (non-registered) shareholders whose Filo Shares are held by intermediaries like brokers, they should reach out to those intermediaries for guidance on submitting their shares and required paperwork. Shareholders with Filo Shares registered through Euroclear Sweden AB (“Euroclear Sweden“) must complete a specific election form and return it to Nordic Issuing AB, and they do not need to use the Letter of Transmittal.
Irrevocability of Choices
All elections made using the Letter of Transmittal are final and cannot be undone. However, changes can be made up until the election deadline by submitting a new Letter of Transmittal. Filo will publicize this deadline through prominent national wire services in Canada at least three business days in advance.
Steps for Overcoming Postal Issues
Registered Shareholders who do not receive a Letter of Transmittal because of Canada Post disruptions can find a copy on the Company’s SEDAR+ profile at www.sedarplus.ca and on Filo’s corporate website at http://filocorp.com/investors/corporate-filings/. To minimize possible delays, Filo advises shareholders to hand-deliver their shares and required documents to the Depositary, as outlined in the Letter of Transmittal, or to use a well-insured courier.
Completion Timeline for the Arrangement
The Arrangement is expected to be finalized in the first quarter of 2025, pending all conditions being met or waived. If the deal does not go through, any submitted share certificates and relevant documents will be returned to the shareholders.
About Filo Corp.
Filo is a Canadian exploration and development company with a strong focus on the Filo del Sol copper-gold-silver deposit in San Juan Province, Argentina, and adjacent Region III, Chile. The Company trades on the Toronto Stock Exchange and Nasdaq First North Growth Market under the symbol “FIL”, as well as on OTCQX as “FLMMF”.
Additional Support Information
Bergs Securities AB serves as the Company’s certified adviser on the Nasdaq First North Growth Market and can be contacted at +46 8 506 51703 or rutger.ahlerup@bergssecurities.se.
This information is accurate as of the date released, but may be updated with future announcements.
The content was submitted for publication by the contacts listed below on December 12, 2024 at 9:00 pm EST.
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Filo Corp. Moves Forward with Acquisition Steps from BHP and Lundin Mining
Key Information on the Arrangement
LinkedIn: https://www.linkedin.com/company/filocorp/
Instagram: https://www.instagram.com/filo_corp/
Facebook: https://www.facebook.com/FiloCorp
Important Notice About Forward-Looking Information:
This press release includes “forward-looking information” as defined by securities laws. This encompasses all statements, aside from historical facts, such as completion timing of the Arrangement, the conditions required for it, and expected closing dates. Typical cues for forward-looking statements include words like “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” and similar terms, or phrases suggesting that outcomes “will,” “may,” “could,” or “should” happen.
All forward-looking information carries risks and uncertainties. There is no guarantee that the presented information will be accurate as actual results and events may differ significantly from expectations. Key factors that may affect results include the inability to secure necessary regulatory approvals for the Arrangement, failure to meet closing conditions, changes in laws or government regulations, environmental risks, and other uncertainties laid out in the Company’s regular filings with Canadian securities regulators. These documents include the Company’s Annual Information Form available on www.sedarplus.ca. The Company does not commit to updating forward-looking statements as circumstances change unless mandated by law.
SOURCE Filo Corp.
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