- Eric Sprott has announced a C$100,000.09 investment in Stuhini Exploration (STU)
- On December 20, 2022, he acquired 434,783 Stuhini units for $0.23 each through a private placement
- He now owns 9.9 per cent of outstanding shares on a partially-diluted basis
- Stuhini Exploration is a precious metals exploration company focused on western North America
- Stuhini Exploration (STU) is up by 1.85 per cent, trading at $0.275 per share
Renowned mining investor Eric Sprott has announced a C$100,000.09 investment in Stuhini Exploration (STU).
On December 20, 2022, he acquired 434,783 Stuhini units for $0.23 each through a private placement.
Each unit consists of one common share and one-half of one share purchase warrant.
Each warrant entitles the holder to acquire one share at $0.35 for 24 months from the date of issuance.
Sprott now owns and controls 3,234,783 shares and 217,391 warrants, representing 9.3 per cent of outstanding shares on a non-diluted basis and 9.9 per cent on a partially-diluted basis.
Due to prior treasury share issuances by Stuhini, Sprott, and 2176423 Ontario Ltd.’s holdings have dipped below 10 per cent, meaning he is no longer a company insider.
Stuhini Exploration is a precious metals exploration company focused on western North America. Its flagship Ruby Creek Project (+432M lbs. molybdenum measured and indicated) and Big Ledge Project are located in British Columbia. Its portfolio also includes projects in Yukon, Manitoba and Arizona.
Stuhini Exploration (STU) is up by 1.85 per cent trading at $0.275 per share as of 9:55 am ET.
