Eric Sprott Announces Changes to His Holdings in Gold Hunter Resources Inc
March 11, 2025 4:41 PM EDT | Source: Eric Sprott
Toronto, Ontario--(Newsfile Corp. - March 11, 2025) - Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 3,333,333 Units of Gold Hunter Resources Inc. through a private placement, at $0.06 per Unit for total consideration of $200,000. Each Unit consists of one common share (Share) and one-half of one Share purchase warrant (Warrant), with each whole Warrant entitling the holder to acquire one Share at $0.12 for 24 months from the date of issuance, subject to accelerated expiry under certain circumstances.
Prior to the acquisition, Mr. Sprott owned and controlled 3,050,000 Shares and 800,000 Warrants, representing approximately 5.1% of the outstanding Shares on a non-diluted basis and 6.4 % of the outstanding Shares on a partially-diluted basis assuming exercise of such Warrants. As a result of the acquisition, Mr. Sprott now beneficially owns 6,383,333 Shares and 2,466,666 Warrants, representing approximately 7.3% of the outstanding Shares on a non-diluted basis and 9.8% of the outstanding Shares on a partially-diluted basis assuming exercise of such Warrants. The acquisition, combined with previous treasury issuances of Shares, resulted in a decrease in holdings on a partially-diluted basis of approximately 0.6% since the date of the last filing of an Early Warning Report and brings total holdings to under 10%. As a result, Mr. Sprott and 2176423 Ontario Ltd., ceased to be insiders of Gold Hunter Resources.
The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
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