Michael Gentile Announces Filing of Early Warning Report Related to Acquisition of Units of Big Ridge Gold Corp.

Rhea-AI Summary

Michael Gentile filed an early warning report after acquiring 18,103,333 units of Big Ridge Gold (ALVLF) in a non-brokered private placement. Each unit includes one common share and one warrant exercisable at $0.46 until July 7, 2029.

Gentile’s holdings increased from 30,511,500 shares (about 10.35%) to 48,614,833 shares plus 18,103,333 warrants, representing roughly 15.28% undiluted and 19.9% partially diluted. The securities are held for investment, and his position may change based on market conditions and company prospects.

Positive

• Large shareholder increases stake to approximately 15.28% undiluted
• Additional upside from 18,103,333 warrants at $0.46 exercisable until July 7, 2029

Negative

• Issuance of 18,103,333 new shares creates dilution for existing shareholders
• Potential further dilution if 18,103,333 warrants are exercised by 2029

News Market Reaction – ALVLF

+1.49%

+1.49% Session close to close

In the Jul 9 session, ALVLF gained 1.49%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Toronto, Ontario--(Newsfile Corp. - July 8, 2026) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of an aggregate of 18,103,333 units (the "Units") in the capital of Big Ridge Gold Corp. (the "Company") in connection with the Company's non-brokered private placement. Each Unit was comprised one common share (each, a "Common Share") in the capital of the Company and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.46 until July 7, 2029.

Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled an aggregate of 30,511,500 Common Shares, representing approximately 10.35% of the issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis. Upon completion of the Offering, Mr. Gentile beneficially owns and controls, an aggregate of 48,614,833 Common Shares and 18,103,333 Warrants, representing approximately 15.28% of the issued and outstanding Common Shares on an undiluted basis and approximately 19.9% on a partially diluted basis.

All securities of the Company held by Mr. Gentile are held for investment purposes. In the future, Mr. Gentile may, from time to time, increase or decrease his ownership, control or direction over securities of the Company held by him through market transactions, private agreements or otherwise, depending on market conditions, the business and prospects of the Company and other relevant factors.

For further details relating to the Acquisition, please see the Report, a copy of which is available on SEDAR+, or by contacting Michael Gentile at (416) 361-2517.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304454

FAQ

What did Michael Gentile announce about his Big Ridge Gold (ALVLF) investment on July 8, 2026?

Michael Gentile reported acquiring 18,103,333 units of Big Ridge Gold in a non-brokered private placement. According to Michael Gentile, each unit includes one common share and one warrant, increasing his ownership to 15.28% undiluted and 19.9% partially diluted.

How many Big Ridge Gold (ALVLF) shares and warrants does Michael Gentile now own?

Michael Gentile now beneficially owns 48,614,833 common shares and 18,103,333 warrants of Big Ridge Gold. According to Michael Gentile, this represents about 15.28% of issued shares undiluted and 19.9% on a partially diluted basis.

What are the terms of Michael Gentile’s new Big Ridge Gold (ALVLF) warrants?

Each acquired unit includes one warrant to buy one additional Big Ridge Gold share at $0.46 until July 7, 2029. According to Michael Gentile, he holds 18,103,333 such warrants, providing potential future ownership and funding if exercised.

How did Michael Gentile’s ownership in Big Ridge Gold (ALVLF) change after the private placement?

Michael Gentile’s stake rose from about 10.35% to 15.28% on an undiluted basis following the acquisition. According to Michael Gentile, his partially diluted position, including warrants, now represents approximately 19.9% of Big Ridge Gold’s common shares.

Why did Michael Gentile acquire additional units of Big Ridge Gold (ALVLF)?

The securities are held for investment purposes, with flexibility to adjust the position over time. According to Michael Gentile, future increases or decreases may occur via market transactions or private agreements, depending on market conditions and Big Ridge Gold’s business outlook.

What does Michael Gentile’s early warning report mean for Big Ridge Gold (ALVLF) shareholders?

The early warning report discloses a significant ownership increase by an existing investor above regulatory thresholds. According to Michael Gentile, he now holds 15.28% undiluted, while the private placement and warrants introduce current and potential dilution for other shareholders.