edgemont gold

Stichting Depositary Plethora Precious Metals Fund Reports Early Warning Report in respect of Edgemont Gold Corp.

Stichting Depositary Plethora Precious Metals Fund (" Plethora ") announces that on June 23, 2021 it has acquired, by way of private placement, 2,000,000 Units of Edgemont Gold Corp. (the " Company ") at a price of $0.25 CAD per Unit, for gross proceeds of $500,000 CAD (the " Transaction "). Each Unit consists of one common share (a " Share ") and one-half of a common share purchase warrant (each whole common share purchase warrant, a " Warrant ") of the Company. Each whole Warrant is exercisable into a Share at a price of CAD $0.35 expiring on June 23, 2022. The Transaction resulted in the acquisition of more than 10% of the issued and outstanding common shares of the Company by Plethora.

Prior to the Transaction, Plethora did not own or control securities of the Company. Following the Transaction, Plethora now owns or controls an aggregate 2,000,000 common shares, and 1,000,000 common share purchase warrants, representing 11.15% of the Company's issued and outstanding common shares on a partially diluted basis. On an undiluted basis, Plethora's ownership after the Transaction represents 7.72% of the Company's issued and outstanding common shares.

In satisfaction of the requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an early warning report respecting the acquisition of securities by Plethora will be filed under the Company's SEDAR Profile at www.sedar.com .

The Transaction was completed for investment purposes. Depending on market and other conditions, Plethora may from time to time in the future increase or decrease their ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise.

Plethora is incorporated under the laws of the Netherlands and its head office is located at Prins Hendriklaan 26, 1075HD, Amsterdam, Netherlands. The principal business of Plethora is a Management Fund.

For information, please contact:

Douwe van Hees- Fund Manager
Prins Hendriklaan 26
1075HD, Amsterdam
Netherlands
Phone: +3 16 14 51 46 92

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.


News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Edgemont Gold Corp

Edgemont Gold Corp

Exploring Compelling Copper-GoldPorphyry Opportunities in British Columbia

Exploring Compelling Copper-GoldPorphyry Opportunities in British Columbia Keep Reading...
Wooden blocks spell "Fed" next to a blue block with symbols on scattered US$100 bills.

Precious Metals News: Gold, Silver, PGMs Prices Slide as Investors Brace for Fed Meeting

Precious metals prices are staring down the barrel of next week's US Federal Reserve meeting Justification for higher interest rates is rising, and prices for gold, platinum and palladium are bowing down to levels not seen since the fall of 2025. Meanwhile, silver has fallen back to a range it... Keep Reading...
Magnifying glass with wooden handle lies next to gold-colored rock on a textured black surface.

Northern Star Faces Investor Pressure for Strategic Review

Activist investor Elliott Investment Management sharpened its attack against Northern Star Resources (ASX:NST,OTCPL:NESRF) on Wednesday (June 10), claiming that the Australian gold miner’s board fails to grasp the depth of its operational crisis and must immediately launch a formal strategic... Keep Reading...
Don Hansen, gold bars.

Don Hansen: Gold, Silver Stock Analysis, Plus What's Next for Prices

Private investor Don Hansen outlines his latest thoughts on gold and silver, explaining how historical data shows higher prices are still to come. He also goes over his updated gold and silver stock analysis, including how his portfolio performed during the recent run in precious metals... Keep Reading...
iMetal Resources Announces Non-Brokered Private Placement

iMetal Resources Announces Non-Brokered Private Placement

iMetal Resources Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce that it will offer (the "Offering") up to 40,000,000 units (each, a "Unit") at a price of $0.10 per Unit, by way of non-brokered private placement, for gross proceeds of up... Keep Reading...
Wooden gavel with long handle rests on a gray marble surface, casting a shadow.

Court Validates Seabridge Gold’s Work Status on Stalled KSM Project

Seabridge Gold (TSX:SEA,NYSE:SA) has secured a favorable but conditional ruling from the BC Supreme Court regarding the development status of its long-stalled KSM project.The court has upheld the BC Environmental Assessment Office’s (EAO) determination that Seabridge had "substantially started"... Keep Reading...

Interactive Chart

Latest Press Releases

Related News