OIL - CARBON INFRASTRUCTURE PARTNERS CORP. PROVIDES EARLY WARNING DISCLOSURE WITH RESPECT TO SECURITIES OF LYCOS ENERGY INC. | Benzinga
CALGARY, AB, May 15, 2024 /CNW/ - Carbon Infrastructure Partners Corp. ("CIP"), as advisor to the general partner of CIP Energy Fund 1-A LP ("Fund 1-A") and JOG Limited Partnership No. VI ("Fund VI", and collectively with Fund 1-A, the "Funds"), announces that Fund 1-A has disposed of 3,571,429 common shares ("Common Shares") and 446,428 Common Share purchase warrants ("Warrants") in the capital of Lycos Energy Inc. ("Lycos"), representing all Common Shares and Warrants held by Fund 1-A. The disposition is the result of a distribution to the partners of Fund 1-A (the "Distribution") in connection with the dissolution of Fund 1-A pursuant to the terms of Fund 1-A's limited partnership agreement. Following the Distribution, Fund 1-A does not hold any Common Shares or Warrants.
Immediately prior to the Distribution, Fund 1-A held 446,428 Warrants, each such Warrant entitling the holder thereof to purchase ...