TORONTO, Jan. 18, 2021 /CNW/ - The K2 Principal Fund
L.P. ("K2") Corp announces an updated holding in GT Gold Corp ("GT
Gold"). Between July 9, 2020 and
January 15, 2021 K2 has purchased an
additional 2,862,500 common shares of GT Gold with purchase prices
between $1.25 and $2.35 per share for a total cost of $5,156,836.37 the shares were purchased through
the TSX Venture exchange and a non-brokered private placement.
Additionally, between December 15,
2020 and January 15, 2021 Mr.
Harry Pokrandt, a joint actor,
purchased 50,000 common shares of the issuer.
As of July 8, 2020 K2, held
12,771,600 common shares representing approximately 10.14% of the
issued and outstanding common shares of GT Gold. After the
acquisitions, K2 holds 15,634,100 common shares representing
approximately 12.00% of the issued and outstanding common shares of
GT Gold.
Including all the joint actors listed below the group will hold
a total of 16,166,800 common shares, representing approximately
12.41% of the issued and outstanding common shares of the
issuer.
|
Name, Province or
State and Country of Residence
|
Present Principal
Occupation, Business or Employment and Principal Occupation,
Business or Employment During the Preceding Five
Years
|
Number of Common
Shares Beneficially Owned or Controlled or Directed (Directly or
Indirectly)
|
|
Darren
McLean
Ontario, Canada
|
Vice President with
K2 & Associates. Prior thereto, Mr. McLean was an analyst with
K2 & Associates.
|
15,716,700
(1)
|
|
Josef
Vejvoda
Ontario, Canada
|
Chief Executive
Officer, Chief Compliance Officer and Portfolio Manager of K2 &
Associates
|
15,729,700
(1)
|
|
William
Lamb
British Columbia, Canada
|
President and Chief
Executive Officer of NDH Mining Corp. and Executive Chairman of
Riley Gold Corp. Prior thereto, Chief Executive Officer of Lucara
Diamond Corp.
|
25,000
|
|
Margot
Naudie
Ontario, Canada
|
President of Elephant
Capital Inc. and Corporate Director.
|
37,000
|
|
Harry
Pokrandt British Columbia, Canada
|
Corporate Director.
Prior thereto, Chief Executive Officer and Director of Hive
Blockchain Technologies Ltd.
|
292,500
|
Note: (1). 15,634,100 of such shares are owed by K2.
GT Gold's head office is located at 1100 Melville Street, Suite
610 Vancouver, British Columbia,
V6E 4A6. K2's office is located at 2 Bloor Street West, Suite 801,
Toronto, Ontario, M4W 3E2. It was
formed under the laws of the Province of Ontario and is engaged in the business of
investing in securities. K2 & Associates Investment Managements
Inc. ("K2 & Associates") is an Ontario based hedge fund who is the manager of
The K2 Principal Fund L.P.
SOURCE The K2 Principal Fund L.P.
