Eric Sprott Announces Investment in Canstar Resources Inc.
Toronto, Ontario--(Newsfile Corp. - July 8, 2021) - Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, entered into an agreement to purchase 17,336,339 common shares (Shares) of Canstar Resources Inc. (representing an increase of approximately 17.4% of the outstanding Shares on a partially diluted basis since the filing date of the most recent Early Warning Report) at a price of $0.375 per Share for aggregate consideration of $6,501,127. The Shares were purchased by way of private agreement with a single vendor at a price less than 115% of the "market price" of the Shares in reliance on the" private agreement exemption" in Section 4.2 of National Instrument 62-104