The Prospector News

Eric Sprott Announces Investment in Exploits Discovery Corp.

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Eric Sprott Announces Investment in Exploits Discovery Corp.

 

 

 

 

 

Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 6,783,700 common shares of Exploits Discovery Corp. (representing an increase of approximately 5.0% of the outstanding Shares on a partially diluted basis since the filing date of the most recent Early Warning Report) at a price of $1.00 per Share for aggregate consideration of $6,783,700. The Shares were purchased by way of private agreement with a single vendor at a price less than 115% of the “market price” of the Shares in reliance on the” private agreement exemption” in Section 4.2 of National Instrument 62-104 Take-Over Bids and Issuer Bids. 2176423 Ontario Ltd. is beneficially owned by Eric Sprott.

 

Mr. Sprott now beneficially owns and controls 21,450,367 Shares and 14,666,667 warrants representing approximately 21.3% of the outstanding Shares on a non-diluted basis and approximately 31.3% on a partially diluted basis assuming the exercise of such warrants. Prior to this acquisition, Mr. Sprott beneficially owned and controlled 14,666,667 Shares and 14,666,667 warrants of the Company (representing approximately 14.6% on a non-diluted basis, and 25.4% on a partially diluted basis).

 

The Shares were acquired by Mr. Sprott, through 2176423 Ontario for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Exploits Discovery. including on the open market or through private acquisitions or sell securities of Exploits Discovery. including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

 

Exploits Discovery Corp. is located at 3043-595 Burrard Street, Vancouver B.C. V7X 1J1. A copy of 2176423 Ontario’s early warning report will appear on Exploits Discovery’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and may also be obtained by calling Mr. Sprott’s office (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

 

Posted July 2, 2021

Share this news article

MORE or "UNCATEGORIZED"


Big Ridge Gold Announces 100% Uptake in Warrant Acceleration and Provides Hope Brook Gold Project Update

Big Ridge Gold Corp. (TSX-V: BRAU) is pleased to provide an updat... READ MORE

July 28, 2021

Alphamin Continues to Intercept High Grade Tin Mineralisation at Mpama South/Commences LoM Extension Drilling at Mpama North

Alphamin Resources Corp. (TSX-V:AFM) (JSE:APH) a producer of 4% o... READ MORE

July 28, 2021

Luminex Resources Announces Positive Condor North Preliminary Economic Assessment; US$387 Million NPV, 12 Year Mine Life and Production of 187 Koz Gold Per Year

Luminex Resources Corp. (TSX-V: LR) (OTCQX: LUMIF) is pleased to ... READ MORE

July 28, 2021

Gold Bull Reports Significant New Gold Mineralization Outside of Current Resource at Sandman Including: 90m at 0.6 g/t Au

Gold Bull Resources Corp. (TSX-V: GBRC) is pleased to report new ... READ MORE

July 28, 2021

First Cobalt Partners with Timiskaming First Nation on Plant Study

First Cobalt Corp. (TSX-V: FCC) (OTCQX: FTSSF) announced a joint ... READ MORE

July 28, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News