|BGM.v Barkerville investor buys 9.38 million company shares |
2015-05-01 16:41 ET - News Release
Shares issued 129,649,745
BGM Close 2015-04-30 C$ 0.255
Ms. Lisa McCormack reports
2176423 ONTARIO LTD. ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO ACQUISITION OF COMMON SHARES OF BARKERVILLE GOLD MINES LTD.
2176423 Ontario Ltd., a company controlled by Eric Sprott, has filed an early warning report. On April 29, 2015, it acquired ownership and control over 9,382,192 common shares of Barkerville Gold Mines Ltd., which, together with the company's existing holdings of 6,515,039 common shares and nine million common share purchase warrants and assuming the exercise of the warrants, represent approximately 17.96 per cent of the issued and outstanding common shares of Barkerville. The acquired shares were purchased on the open market at a price of 26 cents per acquired share.
The acquired shares were acquired for investment purposes. The offeror has a long-term view of the investment and may acquire additional common shares of the issuer either on the open market or through private acquisitions or sell the common shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.