Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 1,000,000 common shares of
Balmoral Resources Ltd. over the Toronto Stock Exchange at $0.47 per share for aggregate consideration of approximately $466,000. Mr. Sprott now beneficially owns and controls 16,130,353 shares and 2,941,176 warrants . Prior to this acquisition, Mr. Sprott
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