DivestmentAug 5, 2026, 06:12 AM
Aris Mining Divests 15.5M Seasif Shares, Stake Drops to 9.8%
AI Summary
Aris Mining Corporation announced the sale of 15,500,000 common shares of Seasif Exploration Inc. for C$77,500 through a privately brokered transaction. This sale reduced Aris Mining's beneficial ownership in Seasif from approximately 20.4% to 9.8% of the issued and outstanding shares. The company stated the disposition was for investment purposes as part of managing its investment portfolio.
Key Highlights
- Aris Mining sold 15,500,000 common shares of Seasif Exploration Inc.
- The shares were sold for C$0.005 each, totaling C$77,500 in gross proceeds.
- Aris Mining's ownership in Seasif Exploration decreased from 20.4% to 9.8%.
- Prior to the sale, Aris Mining held 29,910,588 Seasif shares.
- Following the sale, Aris Mining beneficially owns 14,410,588 Seasif shares.
- The disposition was conducted through a privately brokered transaction.
- The shares were disposed of for investment purposes.
Price Impact
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