Eric Sprott

September 22, 2016 08:30 ET

Eric Sprott Announces Investment in Goldstrike Resources Ltd.

TORONTO, ONTARIO--(Marketwired - Sept. 22, 2016) - Eric Sprott announces that on September 21, 2016, he acquired ownership of 99,000 common shares of Goldstrike Resources Ltd. ("Goldstrike") at a price of $0.27 per share for total consideration of $26,730.

The 99,000 Shares represent less than 0.1% of the issued and outstanding shares of Goldstrike on a non-diluted basis. As of the date hereof, after giving effect to this acquisition, Sprott owns and controls 11,688,500 shares and 5,000,000 common share purchase warrants ("Warrants") of Goldstrike, representing approximately 7.3% of the issued and outstanding shares on a non-diluted basis, and approximately 10.1% on a partially diluted basis. Prior to the date hereof, Sprott beneficially owned 11,589,500 shares and 5,000,000 Warrants representing approximately 7.2% of the issued and outstanding shares on a non-diluted basis, and approximately 9.9% on a partially diluted basis.

The shares were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and 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.

Goldstrike is located at 1300-1111 West Georgia Street, Vancouver, British Columbia, V6E 4M3. A copy of Mr. Sprott's early warning report will appear with Goldstrike's documents on the System for Electronic Document Analysis and Retrieval and may also be obtained by contacting Mr. Sprott at (416) 362-7172.

Contact Information

  • Eric Sprott
    (416) 362-7172
    200 Bay Street, Suite 2600
    Royal Bank Plaza, South Tower
    Toronto, Ontario M5J 2J2