Jeremy Gillis amends filing on Northern Lights Resources share purchases

what happened

Jeremy Gillis has issued an amended early warning release on his acquisitions of common shares in Northern Lights Resources Corp., a Canadian issuer. The update adds share purchase warrants that were left out of the September 2, 2026 notice. According to Reuters, on August 17, 2026, 11661728 Canada Inc., a company he controls, bought 387,500 shares at $0.08 each on the Canadian Securities Exchange for $31,000. On August 21, 1302580 B.C. Ltd. bought another 1,200,000 shares at the same price, for $96,000.

As of September 2, the group held about 11.75% of the shares on an undiluted basis. Including options and warrants, and on the filer's own calculations, the stake stood at roughly 17.09%. The filer said the transactions were made for investment purposes and that future purchases or sales may depend on market conditions.

why it matters

For the market this is a routine disclosure of insider-style trades in a small metals-focused issuer. The purchase amounts are modest, so the effect on the company's share price and on the sector is likely limited. The filing matters mainly to investors who track ownership structure and possible concentration of a small company's shares.

tags

instruments