Press Release For Early Warning Report Regarding Prosper Gold Corp.
26 Julio 2024 - 7:00AM
Peter Bernier, President and Chief Executive Officer of Prosper
Gold Corp. (“
Prosper” or the
“
Company”), announced that on July 25, 2024, Mr.
Bernier (the “
Acquiror”) purchased 715,000 units
of the Company (each, a “
Unit”) through a
non-brokered private placement of the Company (the
“
Offering”) at a price of $0.12 per Unit for a
total subscription price of $85,800. Each Unit consisted of one
common share in the capital of the Company (each, a “
Common
Share”) issued as a “flow-through share” as defined in the
Income Tax Act (Canada) and one half of one non-transferable Common
Share purchase warrant (each whole warrant, a
“
Warrant”). Each Warrant entitles the Acquiror to
acquire one Common Share at the exercise price of $0.20 until the
date that is 24 months following the closing date of the Offering.
Immediately prior to the Offering, the Acquiror
owned or controlled an aggregate of 5,041,000 Common Shares,
492,500 stock options (“Options”) and 1,250,000
Warrants, with each Option and Warrant entitling the Acquiror to
purchase one Common Share, subject to their terms. The 5,041,000
Common Shares owned or controlled by the Acquiror prior to the
Offering represented 12.35% of the total number of issued and
outstanding Common Shares. If all of the Options and Warrants held
by the Acquiror were exercised prior to the Offering, the Acquiror
would own or control an aggregate of 6,783,500 Common Shares,
representing approximately 16.62% of the issued and outstanding
Common Shares on a partially diluted basis.
Immediately following the Offering, the Acquiror
owned or controlled an aggregate of (i) 5,756,000 Shares
representing approximately 12.88% of the issued and outstanding
Common Shares; (ii) 1,607,500 Warrants; and (iii) 492,500 Options.
If all of the Options and Warrants held by the Acquiror were
exercised immediately following the Offering, the Acquiror would
own or control an aggregate of 7,926,000 Common Shares,
representing approximately 17.58% of the issued and outstanding
Common Shares on a partially diluted basis.
The Units were acquired for investment purposes.
Depending on market conditions, the Acquiror may, from time to
time, acquire additional securities, exercise convertible
securities, dispose of some or all of the existing or additional
securities or may continue to hold the securities of the
Company.
This press release is being issued pursuant to
the requirements of National Instrument 62-103 – The Early Warning
System and Related Take-Over Bid and Insider Reporting Issues of
the Canadian Securities Administrators.
The Company’s head office is located at 1570-200
Burrard Street, Vancouver, British Columbia, V6C 3L6. For further
information and to obtain a copy of the early warning report that
will be filed under applicable Canadian securities laws in
connection with the transactions hereunder, please contact James
Hedalen at james@prospergoldcorp.com or see Prosper’s profile on
the SEDAR+ website www.sedarplus.ca. For further information
regarding the Acquiror, please contact:
Peter Bernier5849 Dale AvenueSummerland, BCCanada, V9H
1Z9Telephone: (250) 316-6644