NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
VANCOUVER, British Columbia, Oct. 08, 2021 (GLOBE NEWSWIRE) – Mr. Gustavo Mazón reports that he has indirectly acquired ownership and control of a total of 39,291,018 common shares of Ranchero Gold Corp. (formerly Melior Resources Inc.) (the “Society“) through the exchange of previously held common shares of private entity Ranchero Gold Corp. in connection with the reverse takeover transaction of the Company described in the filing statement dated September 30, 2021 (the”Declaration of deposit”) Filed on SEDAR under the Company’s profile.
Immediately prior to the Transaction, Mr. Mazón did not indirectly or directly hold any securities in the Company. Immediately after the Transaction, Mr. Mazón holds indirectly through the entities Inmopitic, SA de CV, Golden Calf Mining SA de CV, GC Grupo Cimarron, SA de CV, Grupo Minero Tom Hast SA de CV and Inmuebles del Norte de Sonora , SA de CV a total of 39,291,018 ordinary shares of the Company, representing approximately 59.77% of the issued and outstanding ordinary shares of the Company on an undiluted basis.
The ordinary shares of the Company controlled by Mr. Mazón are for investment purposes only and are subject to the conditions of a Form 5D – Escrow Agreement of the TSX Venture Exchange, as more particularly described in the filing statement. Mr. Mazón currently has no plan or intention that relates to, or would result in, any of the actions requiring disclosure under the applicable early warning reporting provisions. In accordance with applicable securities laws, Mr. Mazón may, from time to time, acquire additional securities of the Company in the open market or otherwise, and reserves the right to dispose of any or all of such securities from time to time. other. at the time, and to engage in similar transactions in respect of such securities, all depending on market conditions, the business and prospects of the Company and other relevant factors, subject to applicable restrictions on escrow.
An alert report concerning this acquisition (the “Early warning reportWill be filed with the securities commissions of British Columbia, Alberta, Manitoba and Ontario and will be available for viewing on SEDAR under the Company’s profile. To obtain a copy of the Early Warning Report, please contact Mr. Mazón by telephone on +52 662 437 8520. Mr. Mazón’s address is Hidalgo # 74, Colonia Centenario, CP. 83260, Hermosillo, Sonora Mexico.