An anonymous director reports
ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN GARIBALDI RESOURCES
On
March 8, 2021, through The Sprott Foundation, an entity Eric Sprott
controls, Mr. Sprott disposed of 23,703,688 common shares of Garibaldi
Resources Corp. pursuant to a private agreement in consideration of
4,211,719 working capital units of Eskay Mining Corp. at deemed
consideration of $10,782,000 (or approximately 45.5 cents per common
share), each such working capital unit consisting of one common share
of Eskay Mining and one common share purchase warrant. Prior to such
disposition of common shares of the corporation and due to previous
treasury issuances of common shares by the corporation, Mr. Sprott
beneficially owned and controlled 23,703,688 common shares representing
approximately 19.5 per cent of the outstanding common shares of the
corporation.
As a result of the disposition, Mr. Sprott now
beneficially owns and controls no common shares of the corporation,
resulting in a decrease in controlled holdings of approximately 20.4 per
cent of the outstanding common shares of the corporation from what was
reported in the most recent early warning report.
The corporation
is located at 409 Granville St., suite 1150, Vancouver, B.C., V6C 1T2. A
copy of The Sprott Foundation's early warning report will appear on the
corporation's profile on SEDAR and may also be obtained by calling Mr.
Sprott's office at 416-945-3294 (200 Bay St., suite 2600, Royal Bank
Plaza, South Tower, Toronto, Ont., M5J 2J1).
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