Eric Sprott, through his company 2176423 Ontario , has increased his stake in Freegold Ventures (FGOVF). The company purchased 770,000 common shares at an average price of $0.53 per share, totaling approximately $408,100. This acquisition represents about 0.2% of outstanding shares on a non-diluted basis.
Prior to this purchase, Sprott owned 123,149,556 shares and 10,250,000 warrants, representing about 27.6% of outstanding shares non-diluted and 29.2% partially diluted. After the acquisition, Sprott now owns 123,919,556 shares and 10,250,000 warrants, increasing his ownership to approximately 27.7% non-diluted and 29.4% partially diluted.
The purchase was made for investment purposes, with Sprott maintaining a long-term view of the investment. He may acquire additional securities or sell existing ones in the future, depending on market conditions and other factors.
OTC Markets Group Inc. has welcomed Freegold Ventures Limited to the OTCQX Best Market, upgrading it from the Pink market as of June 15, 2021. Freegold, focused on exploration in Alaska, will trade under the symbol FGOVF. This upgrade enhances transparency and accessibility for U.S. investors, aligning with high financial standards and corporate governance. Freegold anticipates increased investment exposure through this transition, as stated by President and CEO Kristina Walcott.