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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.


FULL DISCLOSURE: Exploits Discovery Corp is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Exploits Discovery Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

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