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

Stichting Depositary Plethora Precious Metals Fund (" Plethora ") announces that its holdings of Prosper Gold Corp. (the " Company ") has decreased to less than 10% of the issued and outstanding shares of the Company, due to the expiry of 250,000 purchase warrants previously issued by the Company to Plethora (the " Event "). The Event was preceded by a share consolidation, completed on September 8, 2020, whereby the Company's 80,558,916 outstanding common shares were reduced to 8,055,091 common shares. As of the date of this news release, the Company has 13,546,801 outstanding common shares.

Prior to the Event, Plethora owned or controlled 950,909 common shares and 640,909 common share purchase warrants representing 11.22% of the Company's issued and outstanding common shares on a partially diluted basis. On an undiluted basis, Plethora's ownership of the Company before the Event represented 7.02% of the Company's issued and outstanding common shares.

Following the Event, Plethora owned or controlled an aggregate 950,909 common shares, and 390,909 common share purchase warrants of the Company. Plethora's ownership, due to the Event, decreased to 9.63% of the issued and outstanding common shares on a partially diluted basis. On an undiluted basis, Plethora's ownership after the Event represents 7.02% of the Company's issued and outstanding common shares.

As a result of the Event, Plethora's ownership of the Company decreased to less than 10% of the issued and outstanding shares of the Company on a partially diluted basis, which was the subject of the most recent report required to be filed by Plethora in respect of the Company under National Instrument 62-104 – Take-Over Bids and Company Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues . As a result of the Event, Plethora has ceased to be an insider of the Company.

In satisfaction of the requirements of National Instrument 62-104 – Take-Over Bids a nd Company 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 .

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)
Silver bars, upward trend arrow and "Weekly Editor's Picks" text on stock market backdrop.

Editor's Picks: Gold Price Breaks US$3,400, Silver Added to Draft US Critical Minerals List

The gold price was on the rise this week, breaking through US$3,400 per ounce once again.

It's been pushed higher by US dollar weakness, as well as Federal Reserve turmoil.

President Donald Trump has been pressuring Fed Chair Jerome Powell to cut interest rates for months, and on Monday (August 25) the situation developed further when Trump posted a letter on his social media platform Truth Social. In it, he said he was removing Lisa Cook from her position on the central bank's board of governors due to allegations of mortgage fraud.

Keep reading...Show less
Gold bars with text "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Trifecta Shines with 117 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its second-quarter gross domestic product (GDP) figures on Friday (August 29). The data showed that the Canadian economy shrank 0.4 percent in the second quarter and declined 1.6 percent on an annualized basis. The decrease comes following first-quarter gains of 0.5 percent and a 2 percent annualized increase.

Much of the decrease was attributed to a 7.5 percent drop in exports compared to Q1. Canadian exports had risen 1.4 percent in the first three months of the year as US companies increased imports to get ahead of incoming tariffs.Excluding the lower costs at the pumps, CPI remained steady at 2.5 percent, the same increase as May and June.

Keep reading...Show less
Earthwise Advertising & Investor Awareness Campaign

Earthwise Advertising & Investor Awareness Campaign

Earthwise Minerals Corp. (CSE:WISE)(FSE:966) ("Earthwise" or the "Company) is pleased to announce ithas entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN"). For the 12-month term of the agreement starting June 27,2025 and ending June 27, 2026.

INN will provide advertising on its website www.investingnews.com to increase awareness of the Company. The cost of the campaign is CAD $21.000. There is no other relationship between Earthwise and INN. INN does not provide investor relations or market-making services. INN is based in Vancouver, BC, and can be reached at 604-688-8231 or info@investingnews.com.

Keep reading...Show less
john hathaway, gold bars

John Hathaway: Gold Price Can Double, This Factor Isn't Priced In

John Hathaway, managing partner at Sprott (TSX:SII,NYSE:SII) and senior portfolio manager at Sprott Asset Management USA, shares his outlook for gold, including how high it could go.

"In my opinion, the gold price could more than double," he said.

Keep reading...Show less
Stack of shiny gold coins featuring a buffalo design on a wooden surface.

Navigating Uncertainty: How Trump's Tariffs Are Affecting the Gold Market

The gold price has been on the rise in 2025 as a slew of factors work in its favor.

Central bank buying has long been a key point of support, as has escalating conflict in the Middle East and elsewhere. A newer addition is tariff tensions as the Trump administration fleshes out trade policies.

The gold price has benefited from safe-haven demand amid the turmoil, but concerns that the yellow metal itself might face tariffs have also impacted the sector as industry insiders react to uncertainty.

Keep reading...Show less

Latest Press Releases

Related News

×