Michael Gentile, CFA Announces Filing of Early Warning Report Related to Acquisition of Common Shares of Big Ridge Gold Corp.

Rhea-AI Summary

Michael Gentile announces the acquisition of 4,000,000 common shares in Big Ridge Gold Corp., increasing his ownership stake to 7.07% on an undiluted basis. The acquisition was made for investment purposes, with a possibility of acquiring more securities in the future.

Toronto, Ontario--(Newsfile Corp. - April 1, 2024) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition ("Acquisition") of an aggregate of 4,000,000 common shares (the "Common Shares"). in the capital of Big Ridge Gold Corp. (the "Company"). Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, 10,026,500 Common Shares and 9,150,000 Common Share purchase warrants (the "Warrants"), representing approximately 5.05% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 9.24% of the Company's issued and outstanding Common Shares on a partially diluted basis. Following the completion of the Acquisition, Mr. Gentile beneficially owns and controls, an aggregate of 14,026,5000 Common Shares and 9,150,000 Warrants, representing approximately 7.07% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 11.17% of the Company's issued and outstanding on a partially diluted basis.

The Common Shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the acquisition, please see the Report, a copy of which is available on SEDAR+ or from Michael Gentile at 514-591-4227.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203500

FAQ

What is the name of the individual who announced the acquisition of common shares in Big Ridge Gold Corp.?

Michael Gentile

How many common shares did Michael Gentile acquire in Big Ridge Gold Corp.?

4,000,000 common shares

What percentage of the Company's issued and outstanding Common Shares does Michael Gentile now own on an undiluted basis?

7.07%

What are the Warrants mentioned in the press release?

Common Share purchase warrants

Why did Michael Gentile acquire the Common Shares?

For investment purposes

Will Michael Gentile consider acquiring more securities in the future?

Yes, depending on market conditions and other factors