Toronto, Ontario--(Newsfile Corp. - May 15, 2023) - Eric Sprott announces that on May 14, 2023, 6,666,667 common share purchase warrants (Warrants) of Exploits Discovery Corp., (held by 2176423 Ontario Ltd., a corporation he beneficially owns) expired unexercised representing a decrease in control of approximately 3.8% of the outstanding common shares (Shares) on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these Warrants, Mr. Sprott beneficially owned and controlled 25,154,070 Shares and 6,666,667 Warrants representing approximately 18.7% of the outstanding Shares on a non-diluted basis and 22.5% on a partially-diluted basis assuming the exercise of such Warrants. As a result of the Warrant expiry, Mr. Sprott now owns and controls 25,154,070 Shares representing approximately 18.7% of the outstanding Shares on a non-diluted basis.
The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities 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.
Exploits Discovery is located at Suite 206, 2 Toronto Street, 1st Floor, Toronto, ON M5C 2B5. A copy of the early warning report with respect to the foregoing will appear on Exploits Discovery'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).
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