Toronto, Ontario--(Newsfile Corp. - December 4, 2023) - Eric Sprott announces that, on December 4, 2023, 500,000 common share purchase warrants (Warrants) of York Harbour Metals Inc., (held by 2176423 Ontario Ltd., a corporation he beneficially owns) expired unexercised representing a decrease in holdings 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 3,500,000 Shares and 3,000,000 Warrants representing approximately 5.1% of the outstanding Shares on a non-diluted basis and approximately 9.1% on a partially diluted basis assuming the exercise of such Warrants.
As a result of the Warrant expiry, Mr. Sprott now beneficially owns 3500,000 Shares and 2,500,000 Warrants representing approximately 5.1% of the outstanding Shares on a non-diluted basis and approximately 8.4% on a partially diluted basis assuming the exercise of such Warrants. The Warrant expiry combined with previous new share issuances by York Harbour Metals resulted in an ownership change, on a partially diluted basis, of approximately 3.8% since the date of the last filing of an Early Warning Report and brings total holdings to under 10% on a partially diluted basis. As a result, Mr. Sprott and 2176423 Ontario Ltd., ceased to be insiders of York Harbour Metals Inc.
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.
York Harbour Metals Inc., is located at Suite 1518, 800 West Pender Street, Vancouver, BC V6C 2V6. A copy of the early warning report with respect to the foregoing will appear on York Harbour's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto, ON M5C 3C5).
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