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Armada Mercantile Ltd. (CSE: ARM) CEO and Director Hiam Victor Cohen Saban purchased 5,000 common shares of the company on December 3, 2025, triggering regulatory filing requirements. Prior to this purchase, Cohen directly or through a trust held approximately 29% of the company's shares (on a fully diluted basis). He stated that holding these shares is for investment purposes, and whether to buy or sell in the future will depend on market conditions and the company's development.