Mr. Eric Sprott, an investor, reports
ERIC SPROTT CLARIFIES HOLDINGS IN ABEN RESOURCES LTD.
Eric Sprott is clarifying certain information issued earlier today regarding his holdings in Aben Resources Ltd.
Previously, Mr. Sprott had disclosed that an aggregate of 6,666,667 common share purchase warrants of the corporation (held by 2176423 Ontario Ltd., a corporation he beneficially owns) had expired unexercised. Mr. Sprott wishes to clarify that the warrants have not expired and were amended by the corporation to extend the expiry date to Aug. 21, 2021, and to amend the exercise price of the warrants from 45 cents per common share to 39 cents per common share. Further information on the amendments can be found in the corporation's news release dated July 21, 2020, a copy of which is filed under the corporation's profile on SEDAR.
As a result, Mr. Sprott wishes to clarify that he beneficially owns and controls 6,866,667 common shares and 6,666,667 warrants, representing approximately 5.4 per cent of the outstanding common shares on a non-diluted basis and approximately 10.1 per cent on a partially diluted basis assuming the exercise of all warrants.
The common shares and warrants 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.
A copy of an updated early warning report with respect to the foregoing will appear on the corporation's profile on SEDAR and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario, 200 Bay St., Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).
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