International Battery Metals Ltd (IBATF)

[TradingCharts]

Ensorcia Metals Corporation indirectly through Sorcia Minerals LLC.
3. The offices or positions you hold in the reporting issuer:
Great than 20% shareholder.
4. Are you selling securities as a lender, pledge, mortgagee or other encumbrancer?
No
5. Number and class of securities of the reporting issuer you beneficially own:
33,998,819 Common Shares, 25,000,000 of which are held indirectly by Sorcia Minerals
LLC, and 8,998,819 held directly by Ensorcia Metals Corporation.
Distribution
6. Number and class of securities you propose to sell:
5,930,318 Common Shares
7. Will you sell the securities privately or on an exchange or market? If on an exchange or market,
provide the name:
The sale of all 5,930,318 Common Shares will be completed through private transactions.
https://sedar-filings.thecse.com/00033147/2111231625471469.pdf

Sociedad por Acciones

Tax wise, SpAs are treated equally to SAs. While untested due to its novelty, the SpA follows the general guidelines of Act 18,046/1981 (like the SA) but provides greater flexibility with fewer formalities than the SA. Notable differences are that a SpA may re-purchase shares of its own capital more flexibly than an SA, sell its shares without the formalities of an SA and does not need to have a Board of Directors (it may instead have a sole Director known as an “Administrator”). If the SpA does have a Board of Directors, there is no obligation to hold any Board of Director meetings, as long as the bylaws permit this. An SA requires that the Board of Directors meet annually.

https://www.hgomezgroup.com/uncategorized/types-of-corporate-vehicles-in-chile/

Rodrigo Dupouy

Director, Country Manager at Sorcia Minerals LLC

https://www.linkedin.com/in/rodrigo-dupouy-97412521/?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAAAR3pSgBM0tcBe3GsKyiqJQ_h3fkamHsTcY