TORONTO, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Marie-Josee Kacira (the "Acquiror”) announced today that, further to the press release issued by Altai Resources Inc. ("Altai” or the "Company”) on October 22, 2024, announcing the death of Niyazi Kacira, the Acquiror's spouse, the Acquiror has assumed direct ownership of 8,226,157 common shares of the Company (the "Acquisition”), representing approximately 14.7% of the total issued and outstanding common shares of the Company (the "Shares”). Prior to the Acquisition, the Acquiror directly owned, independently of the Acquiror's deceased spouse, 1,500,000 Shares, representing approximately 2.7% of the total issued and outstanding Shares. After giving effect to the Acquisition, the Acquiror has direct ownership of 9,726,157 Shares, representing approximately 17.4% of the total issued and outstanding Shares. These shares are for investment purposes.
The above ownership of Altai shares has been reported in the System for Electronic Disclosure by Insiders (SEDI). Marie-Josee Kacira, may from time to time, increase or decrease her securities holdings in Altai depending on market conditions or any other relevant factors.
This news release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed under the Company's profile on SEDAR+ (www.sedarplus.com) containing additional information with respect to the foregoing matters.
The name and address of the Acquiror filing the report are:
Mrs. Marie-Josee Kacira
c/o 895 Don Mills Road
Two Morneau Shepell Centre, Suite 900
Toronto, ON, M3C 1W3
