Eric Sprott acquires small stake in B.C. Golden Triangle March 19 2019 News
Tudor Gold has a property between Pretium's Snowfield mine and Seabridge property. Only a small stake but is between 5% and 10% of Tudor depending on if warrants exercsed.
Strategic Investment by Mr. Eric Sprott
Pursuant to the Offering, Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 6,000,000 Units for a total consideration of $1,500,000. Following the completion of the private placement, Mr. Sprott's holdings represent 5.5% of the issued and outstanding common shares of the Company, on a non-diluted basis, and 10.5% on a partially diluted basis, assuming the exercise of the Warrants acquired hereunder and forming part of the Units. Mr. Sprott did not beneficially own any securities in the Company prior to this investment.
The Units were acquired by Mr. Sprott for investment purposes and with a long-term view of the investment. Mr. Sprott may acquire additional securities of the Company either on the open market or through private acquisitions or sell securities of the Company either on the open market or through private dispositions in the future, depending on market conditions, reformulation of plans and/or other relevant factors.