San Gold Corporation (SGRCF)

[goldenpolarbear]

RE:RE: Back from the Dead? (Probably NOT!)
Did I read that Sedar report correctly? Not getting into specifics around 2018, Sprott increased his holdings of the supposedly defunct San Gold by about 10% or about 35 million shares?

"...As at May 31, 2018, there is a net increase of 35,345,300 in the holdings of Common Shares of the Issuer. This has resulted in a net increase of 9.43% in the Eligible Institutional Investor’s securityholding percentage, assuming the exercise of the Warrants...."

Obviously, with these almost voided sub-penny shares at the time ... this would have been a cheap purchase! But why buy acquired shares ? Of a defunct mining company like San Gold?

Does anyone have any intriguing responses?

79780P

https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00022422

Please note San Gold went into bankruptcy and was acquired so.... technically San Gold owns nothing!

https://www.1911gold.com/