,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,NEWS......................... Toronto, Ontario--(Newsfile Corp. - September 24, 2021) - Eric Sprott announces that, today, 2176423 Ontario Ltd. (a corporation he beneficially owns) exercised 1,333,333 common share purchase warrants (Warrants) of Trigon Metals Inc., at $0.25 per common share (Share) for aggregate consideration of $333,333. The exercise of Warrants, combined with prior corporate treasury issuances of Shares, resulted in a decrease in holdings of approximately 2.9% of the outstanding Shares on a partially diluted basis since the date of the last early warning report. Prior to such exercise, Mr. Sprott beneficially owned and controlled 29,714,999 Shares and 8,857,499 Warrants representing approximately 19.3% of the outstanding Shares on a non-diluted basis and approximately 23.7% on a partially diluted basis assuming the exercise of all such Warrants.
Mr. Sprott now beneficially owns and controls 31,048,332 Shares and 7,524,166 Warrants representing approximately 19.99% of the outstanding Shares on a non-diluted basis and approximately 23.7% on a partially diluted basis assuming the exercise of such Warrants. The exercise of Warrants resulted in a partially diluted ownership change of greater than 2% and, therefore, the filing of an update to the early warning report.