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)
Prosper Gold

Prosper Gold

Exploring and Developing High-grade Gold Vein Systems in Safe Canadian Jurisdictions

Trading Halt

Trading Halt

CuFe Limited (CUF:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Gold and silver bars on a scale with green upward arrow and "Weekly Editor's Picks" text.

Editor's Picks: Historic Week — Gold Breaks US$4,000, Silver Takes Out All-time High

It's been yet another historic week for gold, as well as silver.Gold broke through US$4,000 per ounce midway through the period, entering never-before-seen territory as the US government shutdown continued into a second week.Silver's milestone was perhaps even more impressive. The white metal... Keep Reading...
Gold bars stacked with financial chart background.

OPINION — Past is Prologue: Why the Next Decade Could Belong to Gold and the Miners

This opinion piece was submitted to the Investing News Network (INN) by John Newell who is an external contributor. INN believes it may be of interest to readers and has copy edited the material to ensure adherence to the company’s style guide; however, INN does not guarantee the accuracy or... Keep Reading...
Scales of justice, gavel, and law books on a desk.

Tudor Gold Sues BC, Seabridge Over Tunnel Rights in Golden Triangle

An ongoing land-use dispute in British Columbia’s mineral-rich Golden Triangle has escalated into a full-blown legal battle as Tudor Gold (TSXV:TUD,OTC Pink:TDRRF)takes the province and rival Seabridge Gold (TSX:SEA,NYSE:SA) to court over tunneling rights linked to one of Canada’s largest... Keep Reading...
Two 3D arrows, one black and one gold, merge and point upward on a white background.

Predictive Discovery and Robex to Merge, Combining West African Gold Projects

Australia-based Predictive Discovery (ASX:PDI) and Canadian company Robex Resources (ASX:RXR,TSXV:RBX,OTC Pink:RSRBF) have agreed on a merger of equals, creating West Africa’s new mid-tier gold producer.In a joint announcement, the companies said that Predictive Discovery will indirectly acquire... Keep Reading...
Gold bars and silver coins scattered on a surface.

Gold Price Breaches US$4,000, Silver Tests US$50

Gold marked a new price milestone on Wednesday (October 8), breaking US$4,000 per ounce. The spot price hit a fresh record, rising as high as US$4,056.14 in midday trading. Future prices for gold breached US$4,000 for the first time on Tuesday (October 7) and have continued to climb higher.The... Keep Reading...

Latest Press Releases

Related News