Amended Statement of Beneficial Ownership (sc 13d/a)
September 03 2019 - 6:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
KIRKLAND LAKE
GOLD LTD.
(Name of Issuer)
COMMON SHARES
(Title of
Class of Securities)
49741E100
(CUSIP Number)
ERIC
SPROTT, 2600-200 BAY STREET, TORONTO, ON, CANADA 416.943.6420
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
AUGUST 28, 2019
(Date of Event which Requires Filing of this Statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for
other parties to whom copies are to be sent.
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*
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The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D/A
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1
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NAMES OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eric Sprott
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☐ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (See Instructions)
PF, OO (See Item 3 for details)
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Canadian
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
14,539,469(1)
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8
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SHARED VOTING POWER
—
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9
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SOLE DISPOSITIVE POWER
14,539,469(1)
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10
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SHARED DISPOSITIVE POWER
—
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,539,469(1)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
6.9%(2)
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14
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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(1) Includes (a) 1,730,231 Common Shares (as defined herein) held of record by 2176423 Ontario Ltd. (“2176423
Ontario”), (b) 200,003 Common Shares held of record by Lariscan Enterprises Inc (“Lariscan Enterprises”) and (c) 750,024 Common Shares held of record by The Sprott Foundation (“Sprott Foundation”). The Reporting Person (as
defined herein) controls each of 2176423 Ontario, Lariscan Enterprises and Sprott Foundation and has the power to direct the voting and disposition of Common Shares held by such entities through his ownership interests in such entities and/or his
authority as Chief Investment Officer of such entities. See below Item 3 for full details.
(2) Based upon 210,189,007 Common Shares outstanding as of
June 30, 2019, as reported in the Kirkland Lake Gold Ltd. Current Report on Form 6-K filed with the Securities and Exchange Commission (the “SEC”) on July 31, 2019.
This Amendment No. 1 to Schedule 13D (this “Amendment”) relates to the common shares, no par
value per share (the “Common Shares”), of Kirkland Lake Gold Ltd. (the “Company”). This Amendment is being filed by Eric Sprott (the “Reporting Person”) to amend the initial Schedule 13D that was originally filed with
the SEC by the Reporting Person on July 2, 2019 (the “Initial Schedule 13D” and, together with this Amendment, “Schedule 13D”). Unless otherwise indicated, all capitalized terms used therein but not defined herein shall have
the same meanings as in the Initial Schedule 13D.
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Item 3.
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Source and Amount of Funds or Other Considerations
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As of August 30, 2019, the Reporting Person beneficially owned 14,539,469 Common Shares, of which:
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11,859,211 Common Shares are owned directly by the Reporting Person;
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1,730,231 Common Shares are owned by 2176423 Ontario, a private company incorporated in Ontario, Canada, which is
controlled by the Reporting Person;
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200,003 Common Shares are owned by Lariscan Enterprises, a private company incorporated in Ontario, Canada, which
is controlled by the Reporting Person; and
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750,024 Common Shares are owned by Sprott Foundation, a corporation incorporated under the Canada Not-for-profit Corporations Act, which is controlled by the Reporting Person.
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The Common Shares covered by this Schedule 13D were acquired (directly or indirectly through entities controlled by the Reporting Person as described above)
in connection with certain business combination transactions prior to the listing of the Common Shares on the New York Stock Exchange, through open market purchases using personal funds (including available personal lines of credit) or through the
Reporting Person’s service as a director of the Company. No funds or other consideration was borrowed by the Reporting Person specifically for the purpose of acquiring, holding, trading or voting the securities. The Reporting Person has also
disposed (directly or indirectly) of Common Shares in open market sales from time to time.
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Item 5.
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Interest in Securities of the Issuer
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Reference is made to the disclosure set forth under Item 3 of this Schedule 13D, which disclosure is incorporated herein by reference.
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(a)
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As of August 30, 2019, the Reporting Person beneficially owned 14,539,469 Common Shares, representing 6.9%
of the outstanding Common Shares based on 210,189,007 Common Shares outstanding as of June 30, 2019.
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(b)
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The Reporting Person holds sole voting and dispositive power with respect to 14,539,469 Common Shares.
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(c)
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The following sets forth all transactions with respect to the Common Shares effected since the Initial Schedule
13D was filed:
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On July 18, 2019, the Reporting Person sold 500,000 Common Shares in the open market at a sale price of CAD
60.36 per share.
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Page 2
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On July 19, 2019, the Reporting Person sold 19,600 Common Shares in the open market at a sale price of CAD
61.07 per share.
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On July 22, 2019, the Reporting Person sold 205,428 Common Shares in the open market at a sale price of CAD
61.75 per share.
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On July 23, 2019, the Reporting Person sold 400 Common Shares in the open market at a sale price of CAD
61.00 per share.
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On July 26, 2019, the Reporting Person sold 101,100 Common Shares in the open market at a sale price of CAD
59.14 per share.
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On July 29, 2019, the Reporting Person sold 200,000 Common Shares in the open market at a sale price of CAD
60.26 per share.
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On July 30, 2019, 2176423 Ontario sold 200,000 Common Shares in the open market at a sale price of CAD 60.26
per share.
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On August 6, 2019, the Reporting Person sold 200,000 Common Shares in the open market at a sale price of CAD
62.00 per share.
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On August 7, 2019, 2176423 Ontario sold 800 Common Shares in the open market at a sale price of CAD 65.00
per share.
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On August 12, 2019, the Reporting Person sold 13,500 Common Shares in the open market at a sale price of CAD
62.15 per share.
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On August 23, 2019, 2176423 Ontario sold 235,508 Common Shares in the open market at a sale price of CAD
62.85 per share.
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On August 26, 2019, 2176423 Ontario sold 164,492 Common Shares in the open market at a sale price of CAD
63.77 per share.
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On August 27, 2019, 2176423 Ontario sold 221,900 Common Shares in the open market at a sale price of CAD
66.19 per share.
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On August 28, 2019, 2176423 Ontario sold 200,000 Common Shares in the open market at a sale price of CAD
66.40 per share.
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The number of Common Shares reported as being sold on each date represents an aggregate number of
Common Shares sold by a broker-dealer in multiple open market transactions over a range of prices. The price per share reported for each date represents the weighted average price (without regard to brokerage commission). The Reporting Person
undertakes to provide the staff of the SEC upon request, the number of Common Shares executed at each price.
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(d)
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No person other than the Reporting Person is known to have the right to receive, or the power to direct the
receipt of, dividends from, or proceeds from the sale of, the Common Shares reported in this Statement.
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Page 3
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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August 30, 2019
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Dated
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/s/ Eric Sprott
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Signature
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Eric Sprott
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Name/Title
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Page 4
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