- Eric Sprott’s 11.5 million common share purchase warrants of StrikePoint Gold Inc. (SKP) expired, resulting in a decrease in ownership
- Sprott’s ownership stake declined by 10.80 per cent but he still owns 29.8 million StrikePoint shares
- The expiry of warrants was reported to be a result of a partially diluted ownership change of greater than 2.00 per cent and the filing of an update to the early warning report
- StrikePoint Gold Inc. (SKP) is unchanged trading at $0.06 per share as of 3:08 p.m. ET
Eric Sprott’s 11.5 million common share purchase warrants of StrikePoint Gold Inc. (SKP) expired, resulting in a decreased ownership stake.
Sprott stated he is holding the securities through 2176423 Ontario Ltd. for investment purposes as he has a long-term view of the investment.
The warrants allegedly expired unexercised which represents a decrease in holdings of approximately 10.80 per cent of the outstanding common shares on a partially diluted basis since the date of the last early warning report.
Before these warrants expired, Sprott owned and controlled 29.8 million shares and 11.5 million warrants, approximately 14.40 per cent of the outstanding shares on a non-diluted basis. Had the warrants been exercised, it would have been roughly 18.90 per cent ownership of warrants.
The expiry of warrants was reported to be a result of a partially diluted ownership change of greater than 2.00 per cent and the filing of an update to the early warning report.
Additional securities may still be acquired via the open market or through private acquisitions or sell the securities on the same platforms in the future depending on market conditions.
StrikePoint Gold Inc. (SKP) is unchanged trading at $0.06 per share as of 3:08 p.m. ET.