First Phosphate Corp. (TSE:PHOS) has released an update.
First Phosphate Corp. has issued an early warning report detailing significant acquisitions by John Passalacqua through ExpoWorld Ltd. and the Shpirtrat Trust, resulting in Passalacqua’s control of approximately 18.82% of the company’s shares on a non-diluted basis. The transactions included the exercise of restricted share units and warrants, as well as the purchase of shares through the Canadian Securities Exchange. The strategic moves by Passalacqua indicate an increasing influence in First Phosphate Corp.’s future.
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