Subject: Press Release - Albatros Acquisition Corporation Inc. [BCF-BCFDOCS.FID15026070]
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File: Attachment Press release announcing closing of Private placement of Latitude 6.pdf
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UNITED STATES. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE
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THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER OR SALE OF SECURITIES IN THE
UNITED STATES.
ALBATROS ACQUISITION CORPORATION INC. UPDATE ON QUALIFYING
TRANSACTION
Montreal, Quebec September 16, 2026 Albatros Acquisition Corporation Inc. (TSXV: ALBT.P)
("Albatros") announces that it has received confirmation that Inversiones Purimac S.A.S., the wholly
owned Colombian subsidiary of Latitude 6 Capital Inc. ("Latitude 6"), has fulfilled its first payment
obligation in the amount of six hundred million Colombian pesos (COP $600,000,000) (approximately
C$269,000), pursuant to the operation and option agreement (the "Option") for assignment of rights over
special mining concession ARE-283 (the "Property"), in respect of the option to acquire fifty percent
(50%) of rights over the mining title. A second payment of seven hundred million Colombian pesos (COP
$700,000,000) (approximately C$314,000) is scheduled to be made on December 1st, 2026, in accordance
with the Option. Following completion of the second payment, Latitude 6 will have secured its 50% interest
in the Property pursuant to the terms of the Option.
Financing
Albatros is also pleased to announce that Latitude 6 has now closed an aggregate of $525,000 of its
previously announced non-brokered private placement (the "Private Placement") of units (each, a
"Unit") of Latitude 6. Latitude 6 is currently working to close additional tranches of the Private
Placement.
Each Unit consists of one common share in the capital of Latitude 6 and one-half of one share purchase
warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase
one additional common share at a price of $0.30 for a period of 24 months from the date of issuance.
The net proceeds of the Private Placement have been used to fund the Option payment, for general working
capital and to advance the previously announced proposed business combination with Albatros, intended
to constitute Albatros' Qualifying Transaction (the "Transaction") under Policy 2.4 Capital Pool
Companies ("Policy 2.4") of the TSX Venture Exchange (the "Exchange").
In connection with the Private Placement, Latitude 6 paid aggregate cash finder's fees of $25,200 and
issued 126,000 compensation warrants to eligible finders (the "Compensation Warrants"). Each
Compensation Warrant entitles the holder thereof to acquire one common share of Latitude 6 at an exercise
price of $0.30 per share for a period of 24 months from the date of issuance.
The securities issued under the Private Placement, including the common shares underlying the Warrants
and the Compensation Warrants, are subject to a hold period expiring four months and one day after the
later of: (i) the date of issuance; and (ii) the date Latitude 6 becomes a reporting issuer in any province or
territory.
Update on Qualifying Transaction
Albatros and Latitude 6 continue to advance the Transaction in accordance with the terms of the binding
letter of intent entered into between the parties on April 29, 2026. The parties are currently finalizing the
terms of a definitive agreement in respect of the Transaction (the "Definitive Agreement") and Latitude
6 is progressing with the preparation of its audited IFRS financial statements. The independent geological
report on the Property under Regulation 43-101 respecting Standards of Disclosure for Mineral Projects
has been completed and will be submitted to the Exchange for review as part of the conditional approval
application expected to be filed shortly.
Albatros will provide further updates on the Transaction as additional details become available.
About Latitude 6
Latitude 6 Capital Inc. is a private mineral resource company incorporated under the Canada Business
Corporations Act and headquartered in Pointe-Claire, Quebec, with operations in Medellin, Colombia.
Latitude 6's objective is to hold and advance mineral interests in the Republic of Colombia and to
become a reporting issuer in Canada through the Transaction described in this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities laws. Forward-looking information includes, but is not limited to, statements with respect to
the Option payment obligations, including the second payment of seven hundred million Colombian
pesos (COP $700,000,000) scheduled to be made on December 1, 2026, the Private Placement, the
anticipated timing for execution of the Definitive Agreement and closing of the Transaction. Forward-
looking information is based on certain assumptions and analyses made by management of each of
Albatros and Latitude 6 in light of their experience and perception of historical trends, current
conditions and expected future developments, as well as other factors they believe are appropriate in
the circumstances.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from those anticipated in such forward-
looking information, including, without limitation: the failure to negotiate and execute a definitive
agreement on the terms and within the time frames contemplated herein; the failure to obtain required
regulatory, shareholder or third-party approvals; changes in general economic, market and business
conditions; and other risks disclosed from time to time in Albatros' continuous disclosure record filed
on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-
looking information. Neither Albatros nor Latitude 6 undertakes any obligation to update or revise any
forward-looking information, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For further information, please contact:
Latitude 6 Capital Inc.
Jean-Francois
Perrault
CEO
Email: jfperrault@nicoenergy.ca
Telephone: 514-497-8577
Albatros Acquisition Corporation Inc.
Jean-Robert
Pronovost
President and
CEO
Email: jrp@capepartners.ca
Telephone: 514-581-1473
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