2021-12-14 18:13 ET - News Release
Mr. Eric Sprott, a shareholder, reports
ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN INVENTUS MINING CORP.
Today, through 2176423 Ontario Ltd., a corporation Eric Sprott beneficially owns, he donated 10 million common shares of Inventus Mining Corp., to The Sprott Foundation (which he controls). Combined with prior treasury shares issuances by Inventus Mining, this resulted in a decrease in holdings of approximately 10.3 per cent of the outstanding shares on a partially diluted basis since the date of the last early warning report. Prior to the donation of these shares, Mr. Sprott beneficially owned and controlled 13,549,833 shares representing approximately 10.1 per cent of the issued and outstanding shares on a non diluted basis.
As a result of the donation, Mr. Sprott still beneficially owns and controls 3,549,833 shares, representing approximately 2.6 per cent of the outstanding shares on a non diluted basis. However, Mr. Sprott still controls the 10 million shares donated to The Sprott Foundation. Therefore, Mr. Sprott still controls 13,549,833 shares representing approximately 10.1 per cent of the issued and outstanding shares on a non-diluted basis.
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.