Eric Sprott Announces Changes to His Holdings in Outcrop Silver & Gold Corporation
The warrant expiry triggered an update to Eric Sprott's early warning report following a partially diluted ownership change greater than 2%.
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Rhea-AI Summary
Outcrop Silver & Gold (OCGSF) had 11,363,636 warrants held through Eric Sprott's beneficially owned corporation expire unexercised on October 3, 2026.
The warrants, which gave rights to buy common shares, were held by 2176423 Ontario. Before expiry, Sprott beneficially owned and controlled 91,692,789 shares and 25,324,994 warrants, representing approximately 18.6% ownership without warrant exercise and approximately 22.6% assuming exercise of his warrants. After expiry, his holdings were 91,692,789 shares and 13,961,358 warrants: approximately 18.6% without exercise and approximately 20.8% assuming exercise. The announcement reports an approximately 3.8% decrease on that partially diluted basis since the last early warning report.
The securities are held for investment purposes. Sprott has a long-term investment view but may buy or sell securities depending on market conditions and other factors.
Positive
- Minor point11,363,636 warrants expired unexercised on October 3, 2026, removing those potential share issuances.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - October 5, 2026) - Eric Sprott announces that, on October 3, 2026, 11,363,636 common share purchase warrants (Warrants) of Outcrop Silver & Gold Corporation., held by 2176423 Ontario Ltd., a corporation beneficially owned by him, expired unexercised representing a decrease in holdings of approximately
As a result of the expiry of the Warrants, Mr. Sprott now beneficially owns 91,692,789 Shares and 13,961,358 Warrants representing approximately
The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Outcrop Silver & Gold is located at 777 Dunsmuir St., Suite 1605, Vancouver British Columbia V7Y 1E4. A copy of the early warning report with respect to the foregoing will appear on Outcrop Silver & Gold's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto, Ontario M5C 3C5).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/317100
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What Outcrop Silver & Gold securities does Eric Sprott hold after the warrant expiry?
Sprott beneficially owns 91,692,789 common shares and 13,961,358 warrants after the expiry. These represent approximately 18.6% of outstanding common shares without warrant exercise and approximately 20.8% on a partially diluted basis assuming exercise of his remaining warrants.
Why did Eric Sprott's Outcrop Silver & Gold warrant expiry trigger an early warning report update?
The warrant expiry resulted in a partially diluted ownership change greater than 2%, triggering an update to the early warning report. The announcement reports an approximately 3.8% decrease in holdings on a partially diluted basis since the date of the last early warning report.