OTCPK:HCGI - Post by User
Post by
bossuon Apr 16, 2017 3:11am
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Post# 26125154
Eric Sprott is buying
Eric Sprott is buying Eric Sprott boosts commitment to Kirkland Lake Gold
SUBSCRIBERS ONLY TED DIXON, CFA
Special to The Globe and Mail
Published
Last updated
Kirkland Lake Gold Ltd. operates five underground gold mines, three in Ontario and two in Australia.
Company chairman Eric Sprott recently announced that he would be stepping down as chairman of asset manager Sprott Inc., mentioning that he would be focusing on his personal investments. It appears Mr. Sprott is well on his way with that at Kirkland Lake Gold, where he has spent nearly $5-million picking up shares over the past month. Mr. Sprott is the largest insider company shareholder, holding 9.57 per cent of shares outstanding.
Total holding :5,97 X 203 MM shares=12,119,000 x $ 10,30=$ 125 MM.
He truly beleive in KL as I do!!
I'm doing the same but on ''modest''scale !!!