On March 6, 2020, OceanaGold Corporation and 1015776 BC Ltd. (collectively, the Reporting Persons) announced a new Schedule 13G filing with the U.S. Securities and Exchange Commission (SEC) to disclose changes in their shareholding of the Common Stock of the Issuer (Stock Code: 380738104). According to the filing, the Reporting Persons beneficially own a total of 513,000 shares, representing approximately 0.20% of the Issuer’s outstanding shares. This marks a reduction in their overall ownership, bringing their shareholding below the 5% threshold, thereby triggering the requirement for this disclosure under U.S. securities regulations.
The filing specifies that the Reporting Persons hold shared voting and dispositive power regarding all 513,000 shares, while they have no sole power to vote or dispose of any shares. Further, the Reporting Persons explain they have ceased to be beneficial owners of more than five percent of the outstanding shares of the Issuer.
OceanaGold Corporation is classified as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). The Reporting Persons certify that the securities referenced were acquired for investment purposes and are not held with the objective of changing or influencing control of the Issuer. The disclosure was submitted to fulfill the Reporting Persons’ obligations under the U.S. Securities Exchange Act of 1934.
