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ALPHAMIN ADVISED OF AGREEMENT BY MAJOR SHAREHOLDER FOR SALE OF MAJORITY INTEREST IN THE COMPANY
Globenewswire·2025-06-04 19:29

Group 1 - Alphamin Resources Corp. announced that its majority shareholder, Tremont Master Holdings, has entered into a definitive agreement to sell 718,990,967 common shares, representing approximately 56% of the outstanding shares, to International Resource Holding at a price of C$0.70 per share, totaling C$503,293,677 (US$367,001,749) [1][2] - The transaction is subject to certain completion adjustments that may decrease the total consideration and is contingent upon receiving all regulatory and internal corporate approvals [2] - The board of directors of Alphamin is currently evaluating the impact of the proposed transaction on the company [3]