Toronto, Ontario--(Newsfile Corp. - December 14, 2022) - Eric Sprott announces that, today, he donated 3,549,833 common shares (Shares) of Inventus Mining Corp. to The Sprott Foundation (which is controlled by Mr. Sprott). Prior to the donation of these Shares combined with prior treasury Share issuances by Inventus Mining, Mr. Sprott beneficially owned and/or controlled 13,549,833 Shares representing approximately 9.6% of the outstanding Shares on a non-diluted basis. Mr. Sprott still controls the 3,549,833 Shares.
Since Mr. Sprott's beneficial ownership and control of Shares decreased to below 10% of the outstanding Shares, he is updating his early warning report.
Mr. Sprott has a long-term view of the investment and may acquire additional securities of Inventus Mining 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.
Inventus Mining is located at 82 Richmond Street East, Suite 200, Toronto, Ontario, M5C 1P1. A copy of the early warning report with respect to the foregoing will appear on Inventus Mining's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/148084
