Original News Release
STLLR investor Sprott acquires 11.71 million shares
Mr. Eric Sprott, an investor, reports
ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN STLLR GOLD INC.
2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, today acquired 11,719,000 shares of the STLLR Gold Inc. through a private placement, at $1.28 per share, for total consideration of $15,000,320.
Prior to the acquisition, Mr. Sprott beneficially owned and controlled 10,869,795 shares and 1,870,500 warrants, representing approximately 8.7 per cent of the outstanding shares on a non-diluted basis and 10.1 per cent of the outstanding shares on a partially diluted basis assuming exercise of such warrants. Mr. Sprott now beneficially owns and controls 22,588,795 shares and 1,870,500 warrants, representing approximately 14.9 per cent of the outstanding shares on a non-diluted basis and 16.0 per cent of the outstanding Shares on a partially diluted basis assuming exercise of such warrants.
The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities, 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.
STLLR Gold's address is 161 Bay St., Suite 2410, Toronto, Ont., M5J 2S1. A copy of the early warning report with respect to the foregoing will appear on STLLR Gold's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario Ltd., 7 King St. E, Suite 1106, Toronto, Ont., M5C 3C5).
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