Tuesday, June 7, 2016

Sprott CEO: I'm a Pragmatic Gold Bug


John Wilson, CEO of Sprott Asset Management joins Bloomberg TV Canada's Pamela Ritchie to discuss risks in the global markets and why that is bullish for gold prices. (Source: Bloomberg)

Wednesday, April 27, 2016

Eric Sprott Purchases 10 Million Newmarket Gold Common Shares at $2.25 Per Share

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 4, 2016)

Newmarket Gold ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to report that Eric Sprott has agreed to purchase 10,000,000 common shares of Newmarket from Luxor Capital Partners LP ("Luxor") and affiliates at a price of $2.25 per share for total consideration of $22.5 million. Together with Mr. Sprott's prior shareholdings in Newmarket, Mr. Sprott will own 15,151,196 common shares in Newmarket representing an approximate 8.7% ownership in the Company. Luxor also granted Mr. Sprott a right of first refusal to purchase up to an additional 16,200,000 common shares of Newmarket that expires December 31, 2016.

Douglas Forster, President and Chief Executive Officer of Newmarket stated: "Mr. Sprott is a renowned and respected leader in the investment community and one of the world's premiere gold and silver investors. Newmarket is very pleased to have Eric as a larger shareholder of the Company and we appreciate his continued support as we continue to focus on creating shareholder value from our three producing gold mines in Australia."

Eric Sprott stated: "Newmarket has a strong management team and Board of Directors. I am impressed with the progress that Newmarket has made with record gold production in 2015, the very positive outlook for production growth and operating cost reductions and its strong balance sheet with essentially no debt. I look forward to being a supportive shareholder and participating in the growth of the Company."

Luxor and affiliates continue to hold 50,090,697 common shares of Newmarket representing an approximate 28.7% ownership in the Company with Luxor's shareholdings being locked-up and restricted from trading until July 10, 2016. Newmarket has approximately 174.7 million shares issued and outstanding.
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