Early Warning Press Release - BH Diamonds Announces Completion of Acquisition of Common Shares of Lipari Mining Ltd.

Executive Summary

• BH Diamonds ME DMCC completed the purchase of 16,071,720 LML common shares for $0.30 per share, totaling $4,821,516.
• The acquisition raises BH Diamonds’ ownership to approximately 40.4% of Lipari Mining Ltd.’s outstanding common shares (up from 29.5%).
• BH Diamonds retains the right to purchase additional shares from treasury if LML warrants are exercised, protecting its ownership percentage from dilution.

Key Details

• Acquisition price: $0.30 per share; total consideration: $4,821,516.
• Shares acquired: 16,071,720 common shares sourced from:
• Aftergut N & Zonen BVBA – 1,584,672 shares
• Lipari Holding BV – 14,487,048 shares
• Post‑transaction holding: BH Diamonds now holds 59,398,126 LML common shares (~40.4% of issued and outstanding shares).
• Pre‑transaction holding: 43,326,406 shares (~29.5%).
• Regulatory filing: An early warning report will be filed under NI 62‑104; copies will be available on the issuer’s SEDAR+ profile.
• Anti‑dilution provision: If LML warrants are exercised, BH Diamonds may purchase treasury shares at a price no less than 80% of the market price to maintain its ownership percentage.
• Contact: Kenneth Johnson ([email protected]).

Notable Quotes

(No direct quotes were provided in the release.)