Transoceanic Investments Chairman Acquires 6 Million Shares

Transoceanic Investments Inc., a company principally engaged in the business of acquiring and holding positions in a concentrated number of investment opportunities mainly but not exclusively in the minerals and materials sector, announced that its Chairman, Mr. Fahad Al-Tamimi, acquired an aggregate of 6,000,000 common shares in the capital of the company on September 22, 2026. This transaction, referred to as the "Transaction," brought the total number of shares Mr. Al-Tamimi beneficially owned and controlled to 32,896,837, representing approximately 19.43% of the company's issued and outstanding shares on a non-diluted basis.

Prior to the Transaction, Mr. Al-Tamimi already held 26,896,837 Shares, representing approximately 15.89% of the company's issued and outstanding shares on a non-diluted basis. He also held an aggregate of 6,980,000 warrants of Transoceanic, exercisable into 6,980,000 Shares, and 1,300,000 stock options of Transoceanic, exercisable into 1,300,000 Shares. Assuming the exercise of all convertible securities held by Mr. Al-Tamimi, he would have beneficially owned and exercised control or direction over an aggregate of 41,176,837 Shares, representing approximately 23.19% of the company's issued and outstanding shares on a partially-diluted basis.

The Transaction was made at a price of $0.065 per Share, for an aggregate consideration of $390,000, exclusive of any applicable brokerage fees and commissions. This acquisition represented approximately 3.54% of the issued and outstanding Shares. The company advised that it has entered into an agreement with Mr. Al-Tamimi under which he has acknowledged that the exercise of any of his dilutable securities may result in him being deemed a "Control Person" of the company by virtue of owning more than 20% of the company's issued and outstanding shares. Consequently, Mr. Al-Tamimi has agreed not to exercise convertible securities to the extent doing so would increase his holdings above 19.9%, unless and until shareholder approval is obtained for him as a new Control Person.

Transoceanic Investments Inc.'s head office is located at 120 Adelaide Street West, Suite 1410, Toronto, Ontario, M5H 1T1.