Spearmint Resources Inc C.SPMT

Bantaly, The Question, Why Did Sprott go PP??

[lithomon]

True, to some of the bashers, this is likely a Stunning Surprise.

Keep in mind that Sprott likes to be the "Kingpin" shareholder in a developing resource or discovery that is often part and parcel of the greater whole.

And if the insider ownership of Spearmint is considered to be lightweight then it becomes the perfect opportunity for Sprott to eventually become the heavyweight holder of the developing discovery or discoveries.  Then other spokes in the wheel will also eventually be recommended. 

At this price, it becomes a relatively easy opportunity to become the "kingpin" holder.

The Private Placement all makes perfect sense now, i.e. the subscription terms, 20 cent financing with 30 cent warrants attached....The Initial Investment.

[BearBull007]

The flow-through shares aspect of the PP was also very attractive: https://www.miningtaxcanada.com/flow-through-shares/ In the mining business, it is quite common for mining companies (especially smaller ones) to have no net income for tax purposes. Since generally expenditures on exploration and development can only reduce taxes owing down to zero, such mining companies may find themselves

[amxjavelin]

Because He's smart and Knows a great  deal when when it arises$$

[MimieMaumie]

Amxjavelin: When what arises??  I thought we were talking about PP...