TORONTO, Jan. 18, 2021 /CNW/ - The K2 Principal Fund L.P. ("K2") Corp announces an updated holding in GT Gold Corp ("GT Gold"). Between July 9, 2020 and January 15, 2021 K2 has purchased an additional 2,862,500 common shares of GT Gold with purchase prices between $1.25 and $2.35 per share for a total cost of $5,156,836.37 the shares were purchased through the TSX Venture exchange and a non-brokered private placement. Additionally, between December 15, 2020 and January 15, 2021 Mr. Harry Pokrandt, a joint actor, purchased 50,000 common shares of the issuer.
As of July 8, 2020 K2, held 12,771,600 common shares representing approximately 10.14% of the issued and outstanding common shares of GT Gold. After the acquisitions, K2 holds 15,634,100 common shares representing approximately 12.00% of the issued and outstanding common shares of GT Gold.
Including all the joint actors listed below the group will hold a total of 16,166,800 common shares, representing approximately 12.41% of the issued and outstanding common shares of the issuer.