On March 6, 2024, Toronto witnessed a significant financial move as Eric Sprott, through 2176423 Ontario Ltd., a corporation he beneficially owns, purchased 50,000 common shares of Jaguar Mining Inc.. This acquisition, conducted over the Toronto Stock Exchange, represents an approximate 0.06% increase in the outstanding shares, with the total investment amounting to roughly $99,920.00.
The transaction leveraged the normal course purchase exemption from the formal take-over bid requirements, ensuring that the buy did not surpass 5% of the outstanding shares, aligning with Section 4.1 of National Instrument 62-104. Before this acquisition, Sprott’s ownership stood at 44.7% of Jaguar Mining’s shares, which has now marginally increased to 44.8%. This strategic move reflects a minor decrease in his holdings on a partially diluted basis by about 4.1% from the last early warning…
