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Bullboard - Stock Discussion Forum Silver Grail Resources Ltd V.SVG

Alternate Symbol(s):  SVGAF

Silver Grail Resources Ltd. is an exploration stage company and is in the business of acquiring, exploring, and dealing in mineral properties in the province of British Columbia (BC), Canada. The Company jointly conducts business and exploration activities with another company, Teuton Resources Corp. (Teuton). Its properties include Clone Property, Konkin Silver Property, Midas Property, Tonga... see more

TSXV:SVG - Post Discussion

Silver Grail Resources Ltd > has sprott broken the 10% rule and become an svg insider
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Post by highper on Jul 03, 2021 6:15pm

has sprott broken the 10% rule and become an svg insider

is this is another explanation for the sharp spike in volume for sbg yesterday... I'm not saying who purchased shares in the market but sprott had in the money warrants on svg that have or are soon to expire...

Private Placement—Eric Sprott to Take 2,500,000 Units

June 1, 2020–Victoria, BC:   Silver Grail Resources Ltd. (“Silver Grail”) ( (“SVG”-TSX-V) (“KD7”-Frankfurt) announces that it intends to complete a non-brokered private placement consisting of the issuance of up to 4,000,000 units (“Units”) at a price of $0.10 per Unit for gross proceeds of up to $400,000 subject to the approval of the TSX Venture Exchange.  Each Unit will consist of one common share (“Common Share”) and one-half a Common Share purchase warrant (“Warrant”).  Each Warrant is exercisable into one Common Share at a price of $0.15 for a period of one year from closing.

Eric Sprott has agreed to subscribe for a minimum of 2,500,000 Units.  Assuming the additional 1,500,000 Units are subscribed for by other parties, at the completion of the placement Eric Sprott will beneficially own 2,500,000 units and 1,250,000 warrants representing approximately 7.7% on a non-diluted basis and 11.2% on a partially diluted basis assuming exercise of all warrants.

 

Comment by highper on Jul 03, 2021 6:18pm
ooops... this news release is dated june 1 2020 https://silvergrail.com/private-placement-eric-sprott-to-take-2500000-units/