Subject: South Star Battery Metals Corp. press release
Word Document
File: '\\swfile\EmailIn\20240223 160151 Attachment STS - Press Release - Fitpart.docx'
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PRESS RELEASE
FITPART FUND ADMINISTRATION SERVICES LTD.
February 23, 2024, Vancouver, British Columbia
On February 12, 2024, Fitpart Fund Administration Services Ltd. (the "Acquiror") acquired 2,098,117 Shares of the Issuer (the "Transaction"). Immediately prior to the Transaction, the Acquiror held 7,373,884 shares, representing 17.60% of the issued and outstanding common shares of the Issuer. As a result of the Transaction, the Acquiror has control over 9,447,610 Common Shares and 7,373,884 Warrants representing approximately 19.346% of the undiluted issued and outstanding common shares of the Issuer. Assuming exercise of all the Warrants, the Acquiror will hold 16,821,494 Common Shares, representing approximately 29.929% of the issued and outstanding common shares of the Issuer on a partially diluted basis.
The Shares were acquired for investment purposes. The Acquiror may acquire additional securities or dispose of securities of the Issuer in the future either on the open market, privately or otherwise depending on market conditions, reformulation of plans, other available investment and business opportunities and/or other relevant factors.
The disclosure respecting the Acquiror's shareholdings of the Company contained in this press release is made pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and a report respecting the above acquisition will be filed with the applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and will be available for viewing at www.sedarplus.ca.
For Further information, please contact:
FITPART FUND ADMINISTRATION SERVICES LTD.
Fernando A.B. Prado
Bahamas Financial Centre, 4th Floor
Shirley & Charlotte Streets
P.O. Box CB - 13515
Nassau, Bahamas
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