Spanish Mountain Gold Ltd V.SPA

Sprott takes all of PP

[Abito]

Yep sprott takes all the financing.

2020-08-04 18:40 ET - Private Placement

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 20, 2020.

 

Number of shares:  16,666,666 shares

Purchase price:  30 cents per share

Warrants:  16,666,666 share purchase warrants to purchase 16,666,666 shares

Warrant exercise price:  45 cents for a two-year period

Number of placees:  one placee

Insider:  2176423 Ontario Ltd. (Eric Sprott), 16,666,666

 

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[Earlyone_1]

That was announced July 20.... It was known at the time of the announcement of the PP that Sprott was taking all of it. The question remains .... who has taken the PP announced on July 29 ??   2020-07-29 10:37 ET - News Release   Mr. Larry Yau reports SPANISH MOUNTAIN GOLD ANNOUNCES $5M PRIVATE PLACEMENT Spanish Mountain Gold Ltd. has arranged a private placement of units at

[Abito]

everybody pretty much knows it will be Sprott. its almost a given

[i8lunch]

Likely Sprott. There's the regulatory hurdles to obtaining more than 20% of a company in his quickly, I suspect that's partially the reason for not saying it's Sprott outright in the release. 

[bantaly]

GET IN NOW OR MISSING THE BIG FAT TRAIN

[Abito]

they are not allowed to mention his name untill the pp is closed

[Covid19Investor]

@Abito Why and where do you get those details ? Just curious and I would like to understand more about this kind of move from Eric Sprott. Why invest in PP and going anonymous. Thanks