TORONTO, ONTARIO--(Marketwired - May 1, 2015) - 2176423 Ontario Ltd., a company controlled by Eric Sprott (the "Company") announces that it has filed an early warning report (the "Report") announcing that, on April 29, 2015, it acquired ownership and control over 9,382,192 common shares (the "Acquired Shares") of Barkerville Gold Mines Ltd. (TSX VENTURE:BGM) ("Barkerville"), which together with the Company's existing holdings of 6,515,039 common shares and 9,000,000 common share purchase warrants and assuming the exercise of the warrants, is approximately 17.96% of the issued and outstanding common shares of Barkerville. The Acquired Shares were purchased on the open market at a price of $0.26 per Acquired Share.
The Acquired Shares were acquired for investment purposes. The Offeror has a long-term view of the investment and may acquire additional common shares of the Issuer either on the open market or through private acquisitions or sell the common shares 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.
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