Eric Sprott announces stake in Entheon Biomedical Corp., (formerly MPV Exploration Inc.)

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Toronto, Ontario – (Newsfile Corp. – December 3, 2021) – Eric Sprott announces that today, 600,000 Entheon Biomedical Corp. common share purchase warrants (Warrants), (held by 2176423 Ontario Ltd., a company beneficially owned) have expired unexercised, representing a decrease in holdings of approximately 4.2% of the outstanding common stock (shares) on a partially diluted basis since the last date. early warning report. Prior to the expiration of these warrants, Mr. Sprott beneficially owned and controlled 3,200,000 shares and 1,100,000 warrants representing approximately 5.4% of the outstanding shares on an undiluted basis and approximately 7.2%. on a partially diluted basis assuming the exercise of these warrants.

Following the expiration of the warrants, Mr. Sprott now owns and controls 3,200,000 shares and 500,000 warrants representing approximately 5.4% of the outstanding shares on an undiluted basis and approximately 6.2%. on a partially diluted basis. The expiration of the warrants resulted in a decrease in partially diluted ownership below 10% and, therefore, Mr. Sprott is no longer a “reporting insider”.

The securities are held for investment purposes. Mr. Sprott has a long-term view of investing and may acquire additional securities, including in the open market or through private acquisitions or sell the securities, including in the open market or through private disposals in the future depending on market conditions, reformulation of plans and / or other relevant factors.

Entheon Biomedical is located at office 720-999 W Broadway Street, Vancouver, British Columbia, V5Z 1K5. A copy of the early warning report regarding the foregoing will appear on the company profile on the Electronic Document Analysis and Searching System at www.sedar.com and may also be obtained by calling the office from Mr. Sprott at (416) 945- 3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106545

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