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Toronto, Ontario--(Newsfile Corp. - June 29, 2020) - Eric Sprott announces that on June 29, 2020, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 4,000,000 common shares of KORE Mining Ltd., through a block trade arrangement with a single vendor over the TSX Venture Exchange (representing approximately 4.1% of the outstanding shares on non-diluted basis) at a price of approximately $0.90 per share for aggregate consideration of approximately $3,600,000.
Mr. Sprott now owns and controls 20,318,444 shares (representing approximately 21.1% on a non-diluted basis). Prior to these acquisitions, Mr. Sprott beneficially owned and controlled 16,318,444 shares (representing approximately 16.9% on a non-diluted basis).
The 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 KORE Mining including on the open market or through private acquisitions or sell securities of KORE Mining including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
KORE Mining is located at 2200-885 West Georgia Street, Vancouver, British Columbia, V8C 3E8. A copy of 2176423 Ontario's early warning report will appear on KORE Mining's profile on SEDAR at www.sedar.com may also be obtained by calling (416) 362-7172 (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/58840