Exploits Discovery Sees Eric Sprott Increase Ownership To 31.3% On Partially Diluted Basis
Exploits Discovery (CSE: NFLD) continues to see major shareholders take large stakes in the company. It was announced last night that Eric Sprott has significantly increased his ownership in the Newfoundland-focused junior explorer.
Sprott, through his holding company 2176423 Ontario, has increased ownership in Exploits by approximately 5.0% on a partially diluted basis. He has acquired an additional 6,783,700 common shares in the issuer via a purchase arrangement with that of Crest Resources (CSE: CRES).
The shares were reported acquired at a price of $1.00 per common share.
Following the transaction, Sprott now holds 21.5 million shares in the company, along with 14.7 million common share purchase warrants. The position equates to a 21.3% stake in the firm on an undiluted basis, and a 31.3% stake in a partially diluted basis.
Exploits Discovery last traded at $1.06 on the CSE.
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