Lorito Holdings S.à.r.l., Zebra Holdings and Investments S.à.r.l, Nemesia S.à.r.l. acquired common shares of International Petroleum Corp.

LUXEMBOURG, Dec. 18, 2018 /CNW/ - Lorito Holdings S.à.r.l. ("Lorito"), Zebra Holdings and Investments S.à.r.l. ("Zebra") and Nemesia Sàrl ("Nemesia") all of 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, three companies controlled by a trust settled by the late Adolf H. Lundin, announced today that they had acquired 8'848'177 shares of International Petroleum Corp. ("Intl Petroleum") (TSX:IPC,Nasdaq Stockholm:IPCO) pursuant to a plan of arrangement resulting in a strategic business combination of Intl Petroleum and BlackPearl Resources, Inc. "BlackPearl") which closed on December 14, 2018.  View PDF version   

As reported by Lorito and Zebra Sàrl on December 17, 2018, they will be receiving and holding 3'022'018 common shares or approximately 1.85% and 5'826'159 common shares or approximately 3.56% respectively, whereas Nemesia's holdings in Intl Petroleum remain unchanged at 28'767'570 common shares or approximately 17.57% of the post-closing issued and outstanding capital of Intl Petroleum. Collectively, the three joint-actors will be holding a total of 37'615'747 common shares or approximately 22.98% of the issued capital of Intl Petroleum.  

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

A copy of the Early Warning Report filed pursuant to National Instrument 62-103 may be obtained from Sandy Kansky, 1-604-806-3574

SOURCE Lorito Holdings S.a.r.l.