Corsa Capital Limited

Published : October 21st, 2015

Lorito Holdings S.à.r.l. and Zebra Holdings and Investments S.à.r.l. Agree to Acquire Shares of Corsa Coal Corp.

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Keywords :   Coal | Market | Market Conditions |

Lorito Holdings S.à.r.l. and Zebra Holdings and Investments S.à.r.l. Agree to Acquire Shares of Corsa Coal Corp.

TORONTO , Oct. 21, 2015 /CNW/ - Lorito Holdings S.à.r.l. ("Lorito") and Zebra Holdings and Investments S.à.r.l ("Zebra"), two companies controlled by a trust settled by the late Adolf H. Lundin , announced today that Lorito and Zebra have entered into subscription agreements effective October 20, 2015 pursuant to which each will acquire by way of private placement directly from Corsa Coal Corp. (CSO.V) ("Corsa") 12,998,000 common shares of Corsa for a consideration of CDN$0.05 per common share. Upon completion of these acquisitions, Lorito and Zebra will hold 101,834,667 and 94,940,666 common shares respectively of Corsa representing 7.38% and 6.88% respectively of the issued capital of Corsa following completion of the proposed private placement announced by Corsa on October 21, 2015 .

Lorito and Zebra are joint actors with respect to their holdings in Corsa and have acquired the shares for investment purposes. Each of Lorito and Zebra may from time to time increase or decrease their investment in Corsa depending upon the business and prospects of Corsa and depending upon future market conditions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

SOURCE Lorito Holdings S.A.R.L.

Read the rest of the article at finance.yahoo.com

Corsa Capital Limited

CODE : CSO.V
ISIN : CA22041E1043
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Corsa Capital Ltd. is an exploration gold company based in Canada.

Corsa Capital Ltd. holds various exploration projects in Canada.

Its main exploration property is SY GOLD PROJECT in Canada.

Corsa Capital Ltd. is listed in Canada. Its market capitalisation is CA$ 21.8 millions as of today (US$ 16.0 millions, € 14.3 millions).

Its stock quote reached its lowest recent point on February 26, 2016 at CA$ 0.02, and its highest recent level on December 16, 2016 at CA$ 3.82.

Corsa Capital Ltd. has 94 590 000 shares outstanding.

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