- Eric Sprott has announced that 5,250,000 common share purchase warrants of Sky Gold Corp. expired unexercised
- The warrants wre held held by 2176423 Ontario Ltd., a corporation Sprott beneficially owns
- This represent a decrease in holdings of approximately 14.3 per cent of the outstanding common shares
- As per the warrant expiry, Sprott now beneficially owns and controls 10,500,000 shares representing approximately 12.2 per cent of the outstanding shares
- The securities are held for investment purposes
- Sky Gold Corp’s (SKYG) share price remained unchanged in early morning trading at C$0.040 as of 10:35 am EDT
Eric Sprott has announced that 5,250,000 common share purchase warrants of Sky Gold Corp. (SKYG) expired unexercised.
These represent a decrease in holdings of approximately 14.3 per cent of the outstanding common shares on a partially diluted basis since the date of the last early warning report.
Before the expiry of these warrants, Mr. Sprott beneficially owned and controlled 10,500,000 Shares and 5,250,000 warrants representing approximately 12.2 per cent of the outstanding shares on a non-diluted basis and about 17.2 per cent on a partially diluted basis.
As a result of the warrant expiry, Mr. Sprott now beneficially owns and controls 10,500,000 shares representing approximately 12.2 per cent of the outstanding shares on a non-diluted basis.
The warrants expiry resulted in a partially diluted ownership change of greater than two per cent and, therefore, the filing of an update to the early warning report.
The securities are held for investment purposes.
Mr. Sprott has a long-term view of the investment. He may acquire additional securities, including on the open market or through private acquisitions or sell the securities, including on the open market or through personal dispositions in the future, depending on market conditions, reformulation of plans, and other relevant factors.
Sky Gold Corp is an exploration-stage company operating in Canada, engaged in the process of exploring and developing its resource properties across North America.
The company’s project includes the Mustang, Virginia, Imperial, and Evening Star properties. Geographically, it operates in Canada and the U.S.
Sky Gold Corp’s (SKYG) share price remained unchanged in early morning trading at C$0.040 as of 10:35 am EDT.
