Toronto, Ontario--(Newsfile Corp. - February 28, 2020) - Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 2,275,000 common shares of Great Thunder Gold Corp., through a private agreement, at $0.2514 per share for total consideration of $571,935.00. Prior to the acquisition, Mr. Sprott beneficially owned and controlled 1,725,000 common shares representing approximately 6.8% of the outstanding shares on a non-diluted basis.
As a result of the acquisition, Mr. Sprott now beneficially owns and controls 4,000,000 common shares representing approximately 15.7% of the outstanding shares. The acquisition resulted in beneficial ownership increase in holdings of greater than 10% of the outstanding common shares of the Great Thunder Gold and, therefore, requiring the filing of an early warning report.
The common shares were acquired by Mr. Sprott, through 2176423 Ontario for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Great Thunder Gold including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Great Thunder Gold is located at Suite 830, 1100 Melville Street, Vancouver, BC V6E 4A6. A copy of the early warning report with respect to the foregoing will appear on the company's profile on SEDAR at www.sedar.com and may also be obtained by calling Mr. Sprott's office at (416) 945-3294. (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).
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