Prior to this sale, Mr. Sprott beneficially owned and controlled 30,334,896 shares representing approximately 17.1% of the currently outstanding shares. Mr. Sprott now beneficially owns and controls 26,687,296 shares, representing approximately 15.0% of the outstanding shares.
The shares were sold 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.
- Source, Market Wired