Business
Eric Sprott Increases Ownership in Stratabound Minerals to 19.05% Through Jerritt Canyon Canada
Toronto, Ontario--(Newsfile Corp. - July 8, 2020) - Stratabound Minerals Corp. (TSXV: SB) (" S...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Eric Sprott Increases Ownership in Stratabound Minerals to 19.05% Through Jerritt Canyon CanadaToronto, Ontario--(Newsfile Corp. - July 8, 2020) - Stratabound Minerals Corp. (TSXV: SB) (\"Stratabound\" or \"the Company\") is pleased to report that Jerritt Canyon Canada Ltd., a company controlled by Mr. Eric Sprott (\"Sprott\"), has filed an early warning report (the \"Report\") announcing that, on July 3, 2020, it acquired ownership and control over 3,000,000 common shares (the \"Acquired Shares\") of Stratabound Minerals Corp. (\"Stratabound\") through a secondary market share purchase transaction at a price of $0.05 per Acquired Share. Prior to acquiring the Acquired Shares, Sprott beneficially owned and controlled, directly or indirectly, 4,000,000 common shares of Stratabound and 2,000,000 common share purchase warrants of Stratabound. Following the acquisition of the Acquired Shares, Sprott beneficially owns and controls, directly or indirectly, an aggregate of 7,000,000 common shares of Stratabound and an aggregate of 2,000,000 common share purchase warrants of Stratabound, representing approximately 15.47% of Stratabound's issued and outstanding common shares on an undiluted basis and approximately 19.05% of Stratabound's issued and outstanding common shares on a partially diluted basis. For further details relating to the acquisition, please see the Report, a copy of which is available on SEDAR.Mr. R. Kim Tyler, President and CEO of the Stratabound Minerals stated, \"We are very pleased with the continued support of Mr. Sprott through his control position with Jerritt Canyon Canada Ltd. as a significant investor in Stratabound. We see 2020 as a watershed year for us as we continue to build on our past successes developing our Yukon and New Brunswick gold and base metals projects as well as new acquisitions being contemplated going forward. The Company will be sharing more details on its plans for 2020 in an upcoming press release.\" About StrataboundStratabound Minerals Corp. is a Canadian exploration and development company focused on gold exploration at its flagship Golden Culvert Project, Yukon Territory and its new McIntyre Brook Iron Oxide-Copper-Gold (IOCG) Project, New Brunswick, Canada. The Company also holds a significant land position that hosts three base metals deposits in the Bathurst base metals camp of New...