Ana Maria Cox recently announced that her ownership stake in Snowline Gold Corp has fallen below the 10% threshold. This decrease is a direct consequence of the company’s recent financial activities.
The company completed a public offering and a private placement of shares. These transactions significantly increased the total number of outstanding shares.
Prior to these financings, Ms. Cox held, directly or indirectly, a stake representing approximately 10.6% of Snowline Gold Corp‘s outstanding shares. However, the newly issued shares diluted her percentage ownership.
Following the completion of the financings, Ms. Cox‘s ownership now represents approximately 9.4% of the company’s outstanding shares.
This decrease in ownership means Ms. Cox is no longer considered a 10% shareholder under securities regulations. Consequently, she is exempt from further early warning filings, unless her ownership percentage increases again in the future.
Ms. Cox retains the right to buy or sell additional shares of Snowline Gold Corp at any time, based on market conditions and the company’s performance. These decisions will depend on various factors, including market trends and the company’s outlook.
This announcement is in accordance with the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A full report detailing these changes has been filed with regulatory authorities.
The report is available on SEDAR+, Snowline Gold Corp‘s profile, or by contacting the company directly at its Vancouver office.
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