AlfredNeuman wrote: Well, isnt that interesting. And convienient. No more reporting.
Eric Sprott Announces Holdings in Novo Resources Corp.
2020-11-05 21:19 ET - News Release
Toronto, Ontario--(Newsfile Corp. - November 5, 2020) - Eric Sprott announces that today, The Sprott Foundation, which he controls, sold 40,300 common shares (shares) of Novo Resources Corp. over the TSX Venture Exchange (representing approximately 0.015% of the outstanding shares on a non-diluted basis) at a price of $ 3.65 per share for aggregate consideration of $147,095.00.
As a result of the sale and previous share issuances by Novo Resources Corp, Mr. Sprott's partially diluted beneficial ownership of shares decreased to below 10% and, therefore, the filing of an update to the prior early warning report.
Prior to the sale, Mr. Sprott beneficially owned or controlled 17,732,754 shares and 133,334 share purchase warrants (representing approximately 6.69% on a non-diluted basis and 6.74% on a partially diluted basis assuming exercise of such warrants). Mr. Sprott now beneficially owns or controls 17,692,454 shares and 133,334 share purchase warrants (representing approximately 6.68% on a non-diluted basis and 6.72% on a partially diluted basis assuming exercise of such warrants).
The shares were sold, through The Sprott Foundation for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Novo Resources including on the open market or through private acquisitions or sell securities of Novo Resources including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Alfred