T.KL |
Toronto, Ontario--(Newsfile Corp. - February 26, 2019) -
Eric Sprott announces that he directly and indirectly owns and controls
20,571,695 common shares (shares) of
Kirkland Lake Gold (TSX: KL), representing approximately 9.8% of the
outstanding shares on a non-diluted basis and 9.9% on a partially
diluted basis assuming exercise of his options.
This press release is being issued pursuant to Canadian early warning
requirements because the sale of shares, as described below, combined
with Kirkland Lake's various treasury issuances, has resulted in
Mr. Sprott's beneficial holdings of shares to decrease
to less than 10% of the outstanding shares.
On February 25, 2019, 2176423 Ontario Ltd., a corporation beneficially
owned by Mr. Sprott, sold through the Toronto Stock Exchange, 318,900
shares, representing approximately 0.2% of the outstanding shares, at a
price of approximately $47.05 per share for total consideration of
approximately $15.0 million.
Prior to this disposition, Mr. Sprott, directly and indirectly, owned
and controlled 20,890,595 shares and options to acquire 150,002 shares
representing approximately 9.9% of the outstanding shares of
Kirkland Lake on an undiluted basis and 10.0% on a partially diluted basis.
The shares are held 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.
Kirkland Lake is located at
200 Bay Street, Suite 3120, Toronto, ON M5J 2J1.
A copy of the early warning report with respect to the foregoing
will appear with Kirkland Gold's profile on SEDAR at www.sedar.com and
may also be obtained by calling (416) 362-7172.
2176423 Ontario Ltd.
200 Bay Street, Suite 2600
Royal Bank Plaza, South Tower
Toronto, Ontario M5J 2J1
https://www.klgold.com/home/default.aspx
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/43046
image:
http://www.newsfilecorp.com/newsinfo/43046/170
In GOD We Trust -
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
God Bless America
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