Mr. Eric Sprott, a shareholder, reports
ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN SOKOMAN MINERALS CORP.
Eric Sprott noted that, today, 10 million common share purchase warrants of Sokoman Minerals Corp., held by him, expired unexercised representing a decrease in holdings of approximately 8.9 per cent of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these warrants, Mr. Sprott beneficially owned 60,414,465 shares and 10 million warrants representing approximately 21.1 per cent of the outstanding shares on a non-diluted basis and approximately 23.7 per cent on a partially diluted basis assuming the exercise of such warrants.
As a result of the warrant expiry, Mr. Sprott now beneficially owns 60,414,465 shares representing approximately 21.1 per cent of the outstanding shares on a non-diluted basis. The warrant expiry combined with previous new share issuances by Sokoman Minerals Corp., resulted in a partially diluted ownership change of greater than 2 per cent and, therefore, the filing of an update to the early warning report.
The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
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