Now we know where some of the selling pressure has come from
Thursday January 21 2021 - News Release
Also Blackrock Gold Corp (C:BRC) News Release
Mr. Mehdi Azodi of Belgravia Hartford reports
BELGRAVIA HARTFORD ANNOUNCES DECREASED POSITION IN BLACKROCK GOLD BELOW 10%
Belgravia Hartford Capital Inc., as a result of open market dispositions made between July 21, 2020, and Jan. 20, 2021, of 2.51 million common shares, no longer holds over 10 per cent of the issued and outstanding shares of Blackrock Gold Corp.
Between July 21, 2020 and January 20, 2021, the Company disposed of 2,510,000 common shares of Blackrock Gold through the facilities of the Toronto Stock Exchange at an average price of $0.88 per Common Share for a total consideration of $2,203,691. Prior to the Transactions that gave rise to Belgravia's obligation to file an early warning report, Belgravia had owned directly 12,260,000 Common Shares representing 11.36% of the issued and outstanding Common Shares of Blackrock Gold and continues to hold 1,000,000 common share purchase warrants exercisable at $0.30 until January 30, 2022 (the "Warrants"). As a result of the Transactions, Belgravia owns 9,750,000 Common Shares being 9.04% of the issued and outstanding shares on a non-diluted basis. As a result of the Transactions, the Company has decreased its holdings in Blackrock Gold by 2.32%. If all of the Warrants were exercised, Belgravia would own, directly or indirectly, or exercise control or direction over, approximately 9.96% deemed beneficial shareholding percentage.
The Blackrock Gold shares were sold for investment purposes. Liquidating these common shares provided Belgravia the opportunity to increase other key security holdings we feel are undervalued. In accordance with applicable securities laws, Belgravia may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments (collectively, "Securities") of Blackrock Gold in the open market or otherwise, and reserves the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of Blackrock Gold and other relevant factors.