Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 4,255,500 common shares of Balmoral Resources Ltd. over the Toronto Stock Exchange at $0.4948 per share for aggregate consideration of approximately $2,105,621. Mr. Sprott now beneficially owns and controls 20,385,853 shares and 2,941,176 warrants. Prior to this acquisition, Mr. Sprott
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