Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Eric Sprott announces that he holds directly and indirectly (through his holding company, 2176423 Ontario Ltd. (2176423)) 18,148,500 common shares (shares) and 9,333,334 common share purchase warrants (warrants) of Kerr Mines Inc., representing approximately 14.1% of the outstanding shares of Kerr Mines on a non-diluted basis and approximately 19.9% on a partially diluted basis assuming exercise of the warrants.

On October 2, 2014, Mr. Sprott acquired indirectly (through 2176423) 8,666,667 units (6,666,667 units on a private placement basis and 2,000,000 units in repayment of a loan to Kerr Mines) at $0.30 per unit (for total consideration of $2,600,000.10), which represented approximately 7.9% of the then outstanding shares on a non-diluted basis and approximately 11.4% on a partially diluted basis assuming exercise of the warrants.

Each unit was comprised of one share and one-half of one warrant; each warrant entitling the holder to purchase one share at a price of $0.39 per share until October 1, 2016. As a result, Mr. Sprott then held directly 16,666 shares (previously acquired and representing approximately 0.02% of the then outstanding shares) and indirectly 9,333,334 shares and 4,333,334 warrants (representing approximately 8.5% of the then outstanding shares on a non-diluted basis and approximately 12.0% on a partially diluted basis assuming exercise of the warrants).

http://www.investorx.ca/PDF/1607221519199792/(kerr-mines-inc)(press-release-english)(07-22-2016)?Mobile=False

http://www.sprott.com