Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, sold 193,900 common shares of
Lavras Gold Corp., over the TSX Venture Exchange at a price of $2.0754 per Share for aggregate consideration of $402,420.06. Prior to the disposition of Shares, Mr. Sprott beneficially owned 7,589,300 Shares representing approximately 14.8% of the outstanding Shares on a non-diluted basis. As a result of the disposition of Shares, Mr. Sprott now beneficially owns 7,395,400 Shares representing approximately 14.4% of the outstanding Shares on a non-diluted basis. The acquisition combined with prior treasury issuances of Shares resulted in a decrease in holdings, on a partially diluted basis, of approximately 2.2% since the date of the last fili...