Eric Sprott Announces Changes to His Holdings in Glen Eagle Resources Inc.
Toronto, Ontario--(Newsfile Corp. - December 14, 2022) - Eric Sprott announces that, today, he donated 6,027,040 common shares (Shares) of Glen Eagle Resources Inc. to The Sprott Foundation (which is controlled by Mr. Sprott). Prior to the donation of these Shares combined with prior treasury Share issuances by Glen Eagle Resources, Mr. Sprott beneficially owned and/or controlled 14,195,222 Shares representing approximately 9.9% of the outstanding Shares on a non-diluted basis. Mr. Sprott still controls the 6,027,040 Shares.
Since Mr. Sprott's beneficial ownership and control of Shares decreased to below 10% of the outstanding Shares, he is updating his early warning report.
Mr. Sprott has a long-term view of the investment and may acquire additional securities of Glen Eagle Resources including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Glen Eagle Resources is located at 2075 Avenue Victoria, Suite 201, Saint Lambert, Quebec, J4S 1H1. A copy of the early warning report with respect to the foregoing will appear on the company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).
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