Eric Sprott Announces Changes to His Holdings in Sokoman Minerals Corp.

Executive Summary

• Eric Sprott, through 2176423 Ontario Ltd., acquired 53 million common shares of Sokoman Minerals Corp. in a private placement at $0.19 per share for total consideration of $10.07 million.
• The transaction raises Mr. Sprott’s beneficial ownership from ~16.7% to ~23.8%, triggering an updated early‑warning filing.
• Shares are held for investment purposes with a long‑term view; no immediate operational impact disclosed.

Key Details

• Acquisition amount: 53,000,000 common shares @ $0.19 per share = $10,070,000 total consideration.
• Buyer: 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott.
• Pre‑transaction ownership: 60,414,465 shares (~16.7% of outstanding Shares).
• Post‑transaction ownership: 113,414,465 shares (~23.8% of outstanding Shares).
• Ownership increase: Approx. 2.7 percentage points over the last early‑warning report threshold.
• Purpose of holding: Investment; long‑term view with potential for future purchases or dispositions based on market conditions.
• Regulatory filing: Updated early‑warning report to be filed and made available on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)