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Financings

Belo Sun holder La Mancha increases interest to 24.9%

By The Northwire Desk — AI Analysis Feb 25, 2026 · 12:04 BSX · 1.20 Belo Sun Mining Corp.
BSX · Price

Executive Summary

  • La Mancha Investments Sarl, a subsidiary of La Mancha Resource Fund SCSp, subscribed to 50,587,226 common shares of Belo Sun Mining Corp. in a non-brokered private placement.
  • The transaction was completed at a price of $0.43 per share, resulting in aggregate consideration of $21,752,507.
  • Following this subscription, La Mancha’s ownership stake increased from approximately 19.2% to 24.9% of the issued and outstanding shares.

Key Details

  • Subscriber: La Mancha Investments Sarl (wholly owned subsidiary of La Mancha Resource Fund SCSp, advised by La Mancha Resource Capital LLP).
  • Issuer: Belo Sun Mining Corp.
  • Transaction Date: February 24, 2026.
  • Shares Acquired: 50,587,226 common shares.
  • Price Per Share: $0.43 CAD.
  • Aggregate Consideration: $21,752,507.
  • Transaction Type: Non-brokered private placement.
  • Pre-Transaction Ownership: 90,547,307 shares (approx. 19.2% of issued and outstanding shares).
  • Post-Transaction Ownership: 141,134,533 shares (approx. 24.9% of issued and outstanding shares).
  • Future Intent: La Mancha may acquire additional securities or dispose of shares through market transactions, private agreements, or treasury issuances.
  • Regulatory Filing: An early warning report containing additional information will be filed with SEDAR+.

Notable Quotes

  • None provided in the release.
Read the original news release →

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