From SEDAR - Jan 10, 2012
REPORT UNDER PART 4
Of
NATIONAL INSTRUMENT 62-103
1.
Name and address of eligible institutional investor:
Sprott Asset Management LP (the “Offeror”)
200 Bay Street, Suite 2700, P.O. Box 27
Royal Bank Plaza, South Tower
Toronto, Ontario
M5J 2J1
2.
The net increase or decrease in the number or principal amount of securities, and in
the eligible institutional investor’s securityholding percentage in the class of
securities, since the last report filed by the eligible institutional investor under Part
4 or the early warning requirements:
As at December 31, 2011, there is a net decrease of 4,501,100 in the holdings of common
shares (the “Common Shares”) of Quetzal Energy Ltd. (the “Issuer”). This has resulted in
a net decrease of 0.8% in the Offeror’s securityholding percentage.
3.
The designation and number or principal amount of securities and the eligible
institutional investor's securityholding percentage in the class of securities at the
end of the month for which the report is made:
As at December 31, 2011, the Offeror on behalf of accounts fully managed by it, together
with joint actors, exercise control or direction over 55,875,850 Common Shares of the
Issuer. See Item 4. Based on the number of currently issued and outstanding common
shares (as reported by the Issuer), the Offeror together with joint actors exercise control
or direction over 9.3% of the issued and outstanding common shares.
So, are they the ones who have been dumping for the last while?
glta