Adam Travis, through his private company Cazador Resources Ltd., has bolstered his control over Coast Copper Corp. by acquiring additional shares and incentive stock options. As of today, Thursday, Mr. Travis has increased his stake in the company by an additional 1,105,000 common shares alongside 400,000 more incentive stock options. This acquisition has raised his share ownership by 2.02% on a partially diluted basis.
The initial significant control over Coast Copper Corp.'s shares and options was established by Mr. Travis with his Early Warning Report (EWR) filed on September 28, 2022. Today's development marks an indirect increase in his stake since that date.
These acquisitions have fortified Mr. Travis' control over the company's shares, options, and share purchase warrants. The strategic move is part of a long-term investment strategy. Future changes to his holdings may occur based on market conditions or through the Company's long-term incentive plan.
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