- Eric Sprott has announced his holdings in Goldsource Mines (GXS)
- Sprott owned 12,500,000 Goldsource common share purchase warrants that expired on April 11, 2021
- As a result of the warrant expiry, Sprott now controls 29,000,000 common shares representing 7.4 per cent of the company
- He is holding the securities as a long-term investment
- Goldsource Mines is engaged in the acquisition, exploration and evaluation of resource properties in Canada and Guyana
- Goldsource Mines (GXS) opened the day up 4.55 per cent trading at C$0.115 per share
Eric Sprott has announced his holdings in Goldsource Mines (GXS).
Sprott held 12,500,000 Goldsource common share purchase warrants through 2176423 Ontario Ltd., a corporation he beneficially owns.
On April 11, 2021, these warrants expired unexercised, representing a decrease in holdings of approximately 4.8 per cent of Goldsource on a partially diluted basis.
Prior to the expiry of these warrants, Sprott beneficially owned and controlled 29,000,000 Goldsource common shares and 12,500,000 warrants representing 7.4 per cent of the company on a non-diluted basis and 10.3 per cent on a partially diluted basis.
As a result of the warrant expiry, Sprott now controls 29,000,000 common shares representing 7.4 per cent of the company on a non-diluted basis.
The warrants expiry resulted in a partially diluted ownership change of greater than 2 per cent, which required the filing of an update to the associated early warning report.
Sprott is holding the securities for investment purposes. He has a long-term view on the company and may acquire or sell additional securities in the future depending on market conditions or a reformulation of his plans.
Goldsource Mines is engaged in the acquisition, exploration and evaluation of resource properties in Canada and Guyana.
Goldsource Mines (GXS) opened the day up 4.55 per cent trading at C$0.115 per share.