Eric Sprott announces changes in its stake in Inventus Mining Corp. | 2021-12-14 | Press Releases
Toronto, Ontario – (Newsfile Corp. – December 14, 2021) – Eric Sprott announces that today, through 2176423 Ontario Ltd., a company he beneficially owns, he has donated 10,000,000 common stock (shares) of Inventus Mining Corp. at The Sprott Foundation (which he controls). Combined with previous treasury stock issuances by Inventus Mining, this has resulted in a decrease in holdings of approximately 10.3% of outstanding shares on a partially diluted basis since the date of the last early warning report. Prior to the donation of these shares, Mr. Sprott beneficially owned and controlled 13,549,833 shares representing approximately 10.1% of the issued and outstanding shares on an undiluted basis.
Following the donation, Mr. Sprott continues to beneficially own and control 3,549,833 shares representing approximately 2.6% of the outstanding shares on an undiluted basis. However, Mr. Sprott still controls the 10,000,000 shares donated to the Sprott Foundation. Accordingly, Mr. Sprott continues to control 13,549,833 shares representing approximately 10.1% of the issued and outstanding shares on an undiluted basis.
The securities are held for investment purposes. Mr. Sprott has a long-term view of investing and may acquire additional securities, including in the open market or through private acquisitions or sell the securities, including in the open market or through private disposals in the future depending on market conditions, reformulation of plans and / or other relevant factors.
Inventus Mining is located at 82 Richmond Street, Suite 200, Toronto, ON M5C 1P1. A copy of the Early Warning Report regarding the above will appear on Inventus Mining’s profile on the Electronic Document Search and Analysis System at www.sedar.com and can 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, ON M5J 2J1).
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