Updated Early Warning Press Release Regarding Acquisition of Common Shares in Versamet Royalties Corporation
/NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
SAN SALVADOR, Republic of El Salvador, June 29, 2026 /CNW/ – Tether International, S.A. de C.V. (the “Acquiror“) provides the following update pursuant to the early warning requirements of Canadian securities laws regarding common shares (the “Common Shares“) of Versamet Royalties Corporation (the “Issuer“). The Acquiror has concurrently or will shortly be filing a Canadian early warning report (the “Early Warning Report“) on the Issuer’s SEDAR+ profile at www.sedarplus.ca.
On June 25, 2026, the Acquiror acquired ownership and control over 8,870,456 Common Shares owned by its affiliate Tether Investments, S.A. de C.V. (“Tether Investments“) in an internal transfer, valued at Tether Investments’ original acquisition cost. Immediately prior to this transfer, the Acquiror owned no Common Shares. Immediately following this transfer, Tether Investments continued to own 4,848,356 Common Shares, representing approximately 4.46% of the issued and outstanding Common Shares, and the Acquiror owned 8,870,456 Common Shares, representing approximately 8.17% of the issued and outstanding Common Shares such that the Acquiror and Tether Investments collectively continue to own 13,718,812 Common Shares, representing approximately 12.63% of the issued and outstanding Common Shares.
Percentages of outstanding Common Shares have been determined in accordance with Canadian securities laws, based on 108,588,991 Common Shares issued and outstanding as at May 14, 2026, as reported in the Issuer’s most recent management’s discussion and analysis dated as of the same date in respect of the three months ended March 31, 2026.
The Common Shares described in this press release were acquired for investment purposes. Depending on market conditions, general economic and industry conditions, the Issuer’s business and financial condition and/or other relevant factors, the Acquiror may, from time to time, acquire additional Common Shares or other securities of the Issuer through market transactions, private agreements, treasury issuances or otherwise, or dispose of all or some of its Common Shares or other securities of the Issuer, in each case, subject to applicable laws.
In addition, the Acquiror may consider its rights and options as a significant security holder of the Issuer (which may result in the Acquiror developing plans or intentions in the future with respect to the matters listed in clauses (a) through (k) of Item 5 of the Early Warning Report), including without limitation: engaging with the Issuer’s board and management, communicating with other securityholders, voting its securities in accordance with its interests, and/or making proposals to the Issuer concerning changes to its capitalization, ownership structure and/or operations, in each case, subject to applicable laws.
The head office of the Issuer is disclosed on its SEDAR+ profile as being located at Suite 3200, 733 Seymour St., Vancouver, British Columbia, V6B 0S6.
About Tether International, S.A. de C.V.
The Acquiror is a corporation existing under the laws of the Republic of El Salvador. The principal business of the Acquiror is as a private investment firm.
The head office address of the Acquiror is Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo, Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipality of San Salvador Centro, Republic of El Salvador.
The Acquiror will send a copy of its Early Warning Report relating to this announcement promptly to any person requesting it.
SOURCE Tether International, S.A. de C.V.
