I studied Waterton this weekend and came across this:At 8.9% as of August 3rd. Originally 8/20/14, before Barrick, Oceana, & private placements, they had 28.25mm shares or 19.9%.
Readers will recall that for about a month, in August there was a ceiling around .30 $CA. That suggests more selling continued. An educated guess would be that they peeled several percent more off the 8.9% mentioned below. NUG said today, Waterton still has significant holdings. 272mm shares out x 6% = 16.32mm left, ballpark estimate.
"August 3, 2016 Waterton Precious Metals Fund II Cayman, LP (“
Waterton“) announces today that between June 6, 2016 and August 2, 2016, it disposed of 3,686,000 common shares (the “
Common Shares”) in the capital of NuLegacy Gold Corp. (“
NuLegacy”) through market transactions on the TSX Venture Exchange (collectively, the “
Transactions”). The Common Shares were sold at an average price of C$0.3168 per Share, for aggregate proceeds of C$1,167,724.80.
Prior to the completion of the Transactions, Waterton had ownership and control over 27,943,400 Common Shares, representing approximately 11.55% of the issued and outstanding Common Shares (as at June 3, 2016). Waterton now has ownership and control over 24,257,400 Common Shares, representing approximately 8.90% of the issued and outstanding Common Shares...."
Previously, on June 6th they announced:
"TORONTO, ON – June 6, 2016 Waterton Precious Metals Fund II Cayman, LP (“
Waterton“) announces today that between May 3, 2016 and June 3, 2016, it disposed of 5,799,000 common shares (the “
Shares”) in the capital of NuLegacy Gold Corp. (“
NuLegacy”) through market transactions on the TSX Venture Exchange. The Shares were sold at an average price of C$0.29 per Share, for aggregate proceeds of C$1,707,745.67. Waterton also exercised Share purchase warrants (the “
Warrants”) for a total of 1,830,800 Shares at an exercise price of C$0.15 per Share for total consideration of C$274,620 (the foregoing, collectively, the “
Transactions”).
Prior to the completion of the Transactions, Waterton had ownership and control over 31,911,600 Shares and 1,830,800 Warrants, representing approximately 13.95% of the issued and outstanding Shares on a partially-diluted basis. Waterton now has ownership and control over 27,943,400 Shares, representing approximately 11.55% of the issued and outstanding Shares...."
https://www.watertonglobal.com/waterton-precious-metals-fund-ii-cayman-lp-update-of-nulegacy-gold-corp-holdings-2/