Toronto, Ontario – (Newsfile Corp. – June 9, 2021) – Eric Sprott announces that today, 2176423 Ontario Ltd., a company he beneficially owns, transferred 1,000,000 common shares of Kootenay Silver Inc ., on the TSX Venture Exchange (representing approximately 0.3% of the outstanding common shares on an undiluted basis) at a price of approximately $ 0.30 per share for an aggregate consideration of approximately $ 300,000.
Mr. Sprott now owns and controls 30,150,000 common shares and 16,875,000 common share purchase warrants representing approximately 9.4% of the outstanding common shares on an undiluted basis and approximately 13.9% of the outstanding common shares. on a partially diluted basis. Prior to the transfer, Mr. Sprott beneficially owned and controlled 31,150,000 common shares and 16,875,000 common share purchase warrants (representing approximately 9.7% on an undiluted basis and approximately 14.2% on a partially The divestiture, combined with new share issuances by Kootenay Silver, resulted in a change in ownership, on a partially diluted basis, of approximately 2.2% since the last filing of an early warning report.
The securities mentioned above are held for investment purposes. Mr. Sprott has a long-term view of investing and may acquire additional securities, including in the open market or through private acquisitions or sell the securities, including in the open market or through private disposals in the future depending on market conditions, reformulation of plans and / or other relevant factors.
Kootenay Silver is located at 1650-1075 West Georgia Street, Vancouver, British Columbia, V6E 3C9. A copy of the early warning report regarding the above will appear on the Company Profile on the Electronic Document Analysis and Retrieval System (SEDAR) at www.sedar.com and can also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).
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