Resource Capital Gold Corp GDPEF

where did 12M warrants go ?

[LeftBook]

value approximately $1.5M

BEFORE (per Sept quarterly report)

 

In connection with the Credit Facility, the Company has granted security over substantially all of its assets in favour of Sprott, and has granted 16,000,000 common share purchase warrants valued at $1,669,415, all exercisable in whole or in part for a term of three years at an exercise price equal to CAD $0.125 per common share of the Company (Note 13). 

 

AFTER (news release with Dec 24 and Dec 27 dates for the warrants)

 

December 27, 2018 - Eric Sprott announces that he holds 26,835,089 common shares (shares) and 3,944,444 share purchase warrants of Resource Capital Gold Corp. 

 

On December 24, 2018, Eric Sprott sold 7.2 million shares at a price of $0.015 per share ($108,000), representing approximately 4.1% of the outstanding shares, in two private transactions. Prior to this disposition, Mr. Sprott beneficially held 34,035,089 shares and 3,944,444 share purchase warrants

[damianchosenone]

Eric Sprott and Sprott Lending are two separate entities. What 12m are you talking  about?

[lmcbain]

The reference to 12m warrants is the difference between the 16m figure that Sprott Lending have and the essentially 4m that Eric has and was based on the incorrect assumption that the 4m were the remainder of the 16m and that 12m had somehow been disposed of or erased or something, as opposed to being part of a completely different allocation. Salut, Leigh McBain 

[LeftBook]

As McBain pointed out .. I incorrectly substracted 4M held by Eric from the 16M held by Sprott Lending. As Damian pointed out ... they are two separate entities.  Apples and Oranges math. oops. my bad.