Eric Sprott Announces Holdings in Northern Superior Resources

Toronto, Ontario--(Newsfile Corp. - December 9, 2020) -  Eric Sprott announces that on December 9, 2020, Mr. Sprott donated 4,000,000 common share ("Shares") of Northern Superior Resources Inc. (held by 2176423 Ontario Ltd., a corporation he beneficially owns) to The Sprott Foundation (which is controlled by Mr. Sprott). Prior to the donation of these Shares, Mr. Sprott beneficially owned and controlled 4,000,000 Shares representing approximately 6.8% of the outstanding Shares on a non-diluted basis. Mr. Sprott still controls  these 4,000,000 Shares.

As a result of the donation and previous Share issuances by Northern Superior, Mr. Sprott's beneficial ownership and control of Shares decreased to below 10% and, therefore, requires the filing of an update to the prior early warning report.  

Mr. Sprott has a long-term view of the investment and may acquire additional securities of Northern Superior either on the open market or through private acquisitions or sell the securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Northern Superior is located at 7-1351C Kelly Lake Road, Sudbury, ON P3E 5P5. A copy of the early warning report with respect to the foregoing will appear on Northern Superior's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and may also be obtained by calling Mr. Sprott at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69910