TORONTO, March 11, 2021 /CNW/ - The K2 Principal Fund L.P.
("K2") announces that it has acquired an additional 4,714,700
common shares in the capital of GT Gold Corp ("GT Gold") through
the facilities of the TSX Venture Exchange.
Between January 16, 2021 and
March 10, 2021, K2 purchased an
additional 4,714,700 common shares of GT Gold at purchase prices
between $2.20 and $3.20 per share for a total cost of $14,251,652.87 over the facilities of the TSX
Venture Exchange.
As of January 15, 2021, being the
date of K2's previous early warning report, K2 owned 15,634,100
common shares representing approximately 12.00% of the issued and
outstanding common shares of GT Gold. After the acquisitions, K2
holds 20,348,800 common shares representing approximately 15.63% of
the issued and outstanding common shares of GT Gold. The common
shares were acquired for investment purposes. K2 may acquire
ownership of, or control or direction over additional securities of
GT Gold in the future.
K2 & Associates Investment Management Inc., as manager of
K2, has entered into a voting support agreement with Newmont
Corporation pursuant to which K2 & Associates Investment
Management Inc. has agreed to vote all securities under its
control, including the securities owned by K2, in favour of the
acquisition of GT Gold by Newmont Corporation by way of a plan of
arrangement.
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 Management
Inc. is an Ontario based hedge
fund who is the manager of The K2 Principal Fund L.P.
For further information and to obtain a copy of the Early
Warning Report, please contact:
Josef Vejvoda
The K2 Principal Fund L.P.
(416) 365-2155
SOURCE K2 and Associates Investment Management Inc.