Summa Silver Share purchase warrants
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Eric Sprott Announces Securities of Summa Silver Corp.
Newsfileยท 2025-08-01 15:46
Core Viewpoint - Eric Sprott's 2176423 Ontario Ltd. acquired a significant number of shares and warrants of Silver47 Exploration Corp. through a statutory plan of arrangement with Summa Silver Corp. [2] Group 1: Transaction Details - On August 1, 2025, 2176423 Ontario Ltd. acquired 10,383,434 common shares and 1,525,000 purchase warrants of Silver47 Exploration Corp. as part of the arrangement [2] - The arrangement allowed holders of Summa Silver Shares to receive 0.452 of a Silver47 Share for each Summa Silver Share held [2] Group 2: Ownership Changes - Prior to the arrangement, Sprott owned 22,972,200 Summa Silver Shares, representing approximately 15.3% of the outstanding shares on a non-diluted basis [3] - Following the arrangement, Sprott no longer holds any securities of Summa Silver and ceased to be an insider of the company [3] Group 3: Current Holdings in Silver47 Exploration - After the arrangement, Sprott beneficially owns 15,883,424 Silver47 Shares and 2,275,000 Silver47 Warrants, representing approximately 11.5% of the outstanding shares on a non-diluted basis [4] - Sprott's previous ownership in Silver47 was 5,500,000 shares, which was approximately 7.8% on a non-diluted basis [4] - Sprott has a long-term investment view and may acquire or sell additional securities of Silver47 Exploration depending on market conditions [4]