Gold Terra investor Sprott acquires 20 million shares

Executive Summary

• Eric Sprott, through 2176423 Ontario Ltd., purchased an additional 20 million Gold Terra Resource Corp. common shares at C$0.10 per share for a total of C$2 million, raising his stake to ~10.7 % of outstanding shares.
• The acquisition triggered the filing of an early‑warning report because the holding exceeded the 10 % threshold.
• Shares were acquired via a private placement (5 M shares) and a concurrent share purchase agreement (15 M shares).

Key Details

• Acquirer: 2176423 Ontario Ltd., beneficially owned by Eric Sprott.
• Shares Acquired: 20,000,000 common shares of Gold Terra Resource Corp.
• Purchase Price: C$0.10 per share; total consideration C$2,000,000.
• Acquisition Structure:
• Private placement – 5,000,000 shares.
• Share purchase agreement – 15,000,000 shares (concurrent with the private placement).
• Pre‑transaction Holding: 30,000,000 shares (~7.3 % of outstanding).
• Post‑transaction Holding: 50,000,000 shares (~10.7 % of outstanding), surpassing the 10 % reporting threshold.
• Regulatory Action: Early warning report filed; copy available on Gold Terra Resource’s SEDAR+ profile and via Mr. Sprott’s office.
• Purpose & Outlook: Shares held for investment; Mr. Sprott may buy or sell additional securities in the future depending on market conditions and strategic considerations.

Notable Quotes

(No direct quotes were provided in the release.)