02:33 PM EDT, 03/13/2024 (MT Newswires) -- Nemesia S.a. r.l. announced Wednesday that it had, pursuant to a non-brokered private placement, acquired ownership and control of 25 million common shares of Montage Gold Corp ( MAUTF ) at $0.70 for an aggregate subscription price of $ 17.5 million.

Prior to the offering, Nemesia owned 17.7 million common shares or approximately 9.57% of the then issued and outstanding common shares of the company.

The acquisition of 25 million common shares by Nemesia now brings the total holdings by Nemesia to 42.7 million common shares or approximately 18.14% of the issued and outstanding common shares post the private placement.

Nemesia is a private company controlled by trusts settled by the late Adolf H. Lundin, incorporated under the laws of Luxembourg.

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