RE:Sprott insider purchase So it all fits in to place now and explains the favourable terms of the placing.
CDPR were prepared to grant warrants at 15c (the warrants attached to the placing twelve months ago were 25c) to Sprott as the lead investor to get him on board. The other investors in the placing who stumped up $1.2m were presumably long term supporters of CDPR who benefitted on the back of the terms Spott negotiated.
CDPR/Alpha/Sprott presumably also agreed Sprott would also take the bulk of the 20m sold by Alpha Capital at 7c who have been a consistent seller for some time.
Having Sprott as an investor gives more credibility to CDPR, and also removes Alpha as a seller. It also gives a nice cash injection to CDPR through the placing. Looks like a triple win.