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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: CIBC big bid at .175

If Sprott exercises their warrants they will have over 10% of the company so they are booking some losses.

Just curious guys, why is having over 10% ownership an issue?

AFAIK, if an investor owns over 10% of the outstanding shares they must disclose it. I fail to see why this is negative.

Am I missing something?

Cheers

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