Pursuant to the Offering, SRHI sold 120,000,000 Offered Units at a price of
As previously announced, SRHI intends to use the net proceeds of the Offering towards making investments in the natural resource sector and for general working capital purposes.
The Offering was completed pursuant to a short form prospectus filed in each of the provinces of
The Offered Units, Common Shares and Warrants, as well as the Common Shares issuable upon exercise of the Warrants, have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any securities or “blue sky” laws of any of the states of
SRHI is a publicly-listed corporation transitioning into a diversified holding company focused on holding businesses in the natural resource industry. Based in
Forward-Looking Information and Statements
Certain statements in this press release contain forward-looking information (collectively referred to herein as the “Forward-Looking Statements”) within the meaning of applicable securities laws including, but not limited to, statements about the expected use of proceeds from the Offering and expectations regarding trading on the TSX.
Forward-Looking Statements are based on a number of expectations or assumptions which have been used to develop such statements and information but which may prove to be incorrect. Although management believes the expectations and assumptions reflected in such Forward-Looking Statements are reasonable, undue reliance should not be placed on Forward-Looking Statements because management can give no assurance that such expectations and assumptions will prove to be correct. The Forward-Looking Statements included in this press release, including with respect to the intended use of the net proceeds of the Offering, are not guarantees of future performance and should not be unduly relied upon. Such information and statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors, which may cause actual results or events to differ materially from those anticipated in such Forward-Looking Statements. Additional information on other factors that could affect the operations or financial results of SRHI are included in reports on file with applicable securities regulatory authorities, including, but not limited to, those listed under the heading “Risks relating to the Company generally” in SRHI’s Management’s Discussion and Analysis for the Year Ended
The Forward-Looking Statements contained in this press release speak only as of the date of this press release, and SRHI does not assume any obligation to publicly update or revise any of the included Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
Director of Communications
Sprott Group of Companies