Business NewsMarketWire • Lorito Holdings S.à.r.l. and Zebra Holdings And Investments S.à.r.l. Acquire Shares of Filo Mining Corp.

Lorito Holdings S.à.r.l. and Zebra Holdings And Investments S.à.r.l. Acquire Shares of Filo Mining Corp.

Lorito Holdings S.à.r.l. and Zebra Holdings And Investments S.à.r.l. Acquire Shares of Filo Mining Corp.

LUXEMBOURG, LUXEMBOURG--(Marketwired - Nov. 15, 2016) - Lorito Holdings S.à.r.l. ("Lorito") and Zebra Holdings and Investments S.à.r.l. ("Zebra"), two companies controlled by a trust settled by the late Adolf H. Lundin, and as such joint actors, both incorporated under the laws of Luxembourg, 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, announced today that they had, by way of a private placement (the "PP"), acquired directly from Filo Mining Corp. ("Filo" or the "Company") - (TSX VENTURE:FIL) and (NASDAQ OMX:FIL) 2'200'000 and 2'000'000 common shares respectively of Filo for Cdn$ 2.00 per common share, for a total of 4'200'000 common shares representing approximately 8.18% of the Company's then issued and outstanding share capital. The common shares were acquired in the PP announced by the Company on October 25, 2016 for a total consideration of Cdn$ 8'400'000.00.

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