Eric Sprott Announces Closing of Acquisition of Shares of Newmarket Gold Inc.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 06/22/16 -- Eric Sprott announces that on June 22, 2016, he acquired 16,200,000 common shares of Newmarket Gold Inc., representing approximately 9.2% of the outstanding shares. Mr. Sprott acquired the shares at a price of $2.80 per share for total consideration of $45.4 million pursuant to a purchase agreement with Luxor Capital Group, LP and its affiliates, as previously disclosed on April 26, 2016.
Prior to this acquisition, Mr. Sprott beneficially owned 14,134,896 shares representing approximately 8.1% of the outstanding shares, but had the power to exercise control over 30,334,896 shares representing approximately 17.3% of the outstanding shares. Mr. Sprott now beneficially owns and controls 30,334,896 shares, representing approximately 17.3% of the outstanding shares.
The shares were acquired for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Newmarket Gold Inc. is located at 1680-200 Burrard Street, Vancouver, B.C. V6C 3N5. A copy of the early warning report with respect to the foregoing will appear with Newmarket Gold's documents on the System for Electronic Document Analysis and Retrieval at and may also be obtained by contacting Mr. Sprott at (416) 362-7172.
Contacts:
Eric Sprott
(416) 362-7172
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.06.2016 - 20:10 Uhr
Sprache: Deutsch
News-ID 479482
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 228 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Eric Sprott Announces Closing of Acquisition of Shares of Newmarket Gold Inc."
steht unter der journalistisch-redaktionellen Verantwortung von
Eric Sprott (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
