Mr. James Thurston, an investor, reports
JAMES THURSTON ACQUIRES SECURITIES OF INTERNATIONAL METALS MINING CORP.
James Thurston has directly acquired an aggregate of 2,666,666 units of International Metals Mining Corp., effective March 26, 2025. Each unit consists of one common share of the company and one-half of one share purchase warrant of the company, whereby each whole share purchase warrant of the company is exercisable at a price of 15 cents into an additional share of the company.
The units were acquired pursuant to a debt settlement agreement and represent approximately 2,666,666 shares and 1,333,333 warrants, representing approximately 19.13 per cent of the company's issued and outstanding shares as of March 26, 2025, on a non-diluted basis and 26.19 per cent on a partially diluted basis, resulting in a corresponding change to the aggregate percentage ownership of the company by the acquiror.
The warrants contain a provision that prevents the acquiror from exercising such number of warrants that would result in the acquiror, together with any person acting jointly or in concert with the acquiror, from owning, controlling or directing, directly or indirectly, shares that represent more than 19.99 per cent of the issued and outstanding shares.
Immediately following the acquisition, the acquiror directly held 2,666,666 shares and 1,333,333 warrants, representing approximately 19.13 per cent of the company's issued and outstanding shares as of March 26, 2025, on a non-diluted basis and 26.19 per cent on a partially diluted basis. Each unit was issued at a deemed value of 7.5 cents for aggregate deemed consideration of $200,000.
The holdings of securities of the company by the acquiror are managed for investment purposes, and the acquiror could increase or decrease his investment in the company at any time or continue to maintain his current investment position, depending on market conditions or any other relevant factors.
Additional information
A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting Mr. Thurston at 698 Nicol St., Nanaimo, B.C., V9R 4T9.
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