Mr. Sprott now beneficially owns and controls 57,376,229 shares and 16,666,667 share purchase warrants representing approximately 16.1% of the outstanding shares of Wallbridge on a non-diluted basis and 19.9% on a partially diluted basis, assuming exercise of the share purchase warrants. Prior to the foregoing purchase, Mr. Sprott beneficially owned and controlled 33,333,334 shares and 16,666,667 shares purchase warrants representing approximately 9.4% of the outstanding shares of Wallbridge on a non-diluted basis and 13.4% on a partially diluted basis, assuming exercise of the share purchase warrants.
Mr. Sprott purchased the shares for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Wallbridge is located at 129 Fielding Road, Lively, Ontario, P3Y 1L7. A copy of 2176423 Ontario Ltd.'s and Lonmin PLC's respective early warning reports will appear on Wallbridge's profile on SEDAR at and may also be obtained by contacting Mr. Sprott at (416) 362-7172 or Tanya Chikanza at +27 (0) 83 391 2859 (as applicable).
2176423 Ontario Ltd.
200 Bay Street, Suite 2600
Royal Bank Plaza, South Tower
Toronto, Ontario M5J 2J1
Lonmin Plc
Connaught House
1-3 Mount Street
London
W1K 3NB
United Kingdom
