2176423 Ontario Ltd.

February 23, 2015 10:26 ET

2176423 Ontario Ltd. Announces Filing of Early Warning Report Related to Acquisition of Common Shares of Starcore International Mines Ltd.

TORONTO, ONTARIO--(Marketwired - Feb. 23, 2015) - 2176423 Ontario Ltd., a company controlled by Eric Sprott ("2176423") has filed an early warning report (the "Report") announcing that, on February 19, 2015, it acquired ownership and control over 21,652,500 common shares (the "Acquired Shares") of Starcore International Mines Ltd. (TSX:SAM) (the "Corporation") representing approximately 14.25% of the currently issued and outstanding common shares ("Shares") of the Corporation. The Acquired Shares were acquired at a price per share of $0.12.

The Acquired Shares were acquired for investment purposes. 2176423 has a long-term view of the investment and does not intend at this time to acquire additional Shares, but 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.

For further details relating to the acquisition, please see the Report, a copy of which is available on SEDAR or may also be obtained by contacting Helen Tweedie at 416.863.1221.

Contact Information

  • Helen Tweedie
    416.863.1221