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

Rhea-AI Summary

Michael Gentile, CFA has announced the acquisition of 4,000,000 common shares and 2,000,000 share purchase warrants of Big Ridge Gold Corp (OTC:ALVLF). Prior to this transaction, Gentile owned 22,626,500 shares representing 9.85% ownership. Following the acquisition, his holdings increased to 26,626,500 shares and 2,000,000 warrants, representing 9.87% undiluted and 10.53% partially diluted ownership of the company.

The investment was made with a long-term perspective, and Gentile may further adjust his position through market or private transactions based on market conditions and other factors.

Positive

• Increased strategic investment from experienced CFA investor Michael Gentile
• Long-term investment perspective indicates confidence in company's future
• Potential for additional share purchases signals investor commitment

Negative

• Increased ownership concentration could affect stock liquidity
• Potential future share sales could impact stock price

Toronto, Ontario--(Newsfile Corp. - July 28, 2025) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition ("Acquisition") of an aggregate of 4,000,000 common shares (the "Common Shares"). in the capital of Big Ridge Gold Corp. (the "Company") and 2,000,000 Common Share purchase warrants (each, a "Warrant"). Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, 22,626,500 Common, representing approximately 9.85% of the Company's issued and outstanding Common Shares on an undiluted basis and on a partially diluted basis. Following the completion of the Acquisition, Mr. Gentile beneficially owns and controls, an aggregate of 26,626,500 Common Shares and 2,000,000 Warrants, representing approximately 9.87% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 10.53% of the Company's issued and outstanding on a partially diluted basis.

The Common Shares and Warrants were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the Company 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.

For further details relating to the acquisition, please see the Report, a copy of which is available on SEDAR+ or from Michael Gentile at 514-591-4227.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260357

FAQ

How many shares of Big Ridge Gold (ALVLF) did Michael Gentile acquire in July 2025?

Michael Gentile acquired 4,000,000 common shares and 2,000,000 share purchase warrants of Big Ridge Gold Corp.

What is Michael Gentile's total ownership percentage in Big Ridge Gold (ALVLF) after the acquisition?

After the acquisition, Gentile owns approximately 9.87% undiluted and 10.53% on a partially diluted basis of Big Ridge Gold's outstanding shares.

What was Michael Gentile's ownership in Big Ridge Gold (ALVLF) before this transaction?

Prior to the acquisition, Gentile owned 22,626,500 common shares, representing approximately 9.85% of the company's shares on both undiluted and partially diluted basis.

What are Michael Gentile's investment intentions for Big Ridge Gold (ALVLF)?

Gentile has indicated a long-term investment view and may acquire additional securities or sell shares depending on market conditions and other relevant factors.