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Trilogy Metals Inc. — Director's Dealing 2016
Jan 11, 2016
33424_dirs_2016-01-11_b165660c-a865-4a8c-8808-06783e06fd3d.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: NovaCopper Inc. (NCQ)
CIK: 0001543418
Period of Report: 2015-12-31
Reporting Person: ESOF GP Ltd. (10% Owner, Possible Member of 10% Group)
Reporting Person: Electrum Strategic Opportunities Fund L.P. (10% Owner, Possible Member of 10% Group)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 21630801 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Warrants (right to buy) | $1.60 | 2019-07-07 | Common Shares (2760870) | Indirect |
Footnotes
F1: On December 31, 2015, as part of an internal reorganization, Electrum Global Holdings L.P. ("Global Holdings") contributed 5,608,352 of the Issuer's common shares owned directly by it to Electrum Strategic Opportunities Fund L.P. ("ESOF"), an investment fund managed by The Electrum Group LLC ("TEG Services"). In addition, on the same date, Global Holdings caused Electrum Strategic Resources L.P. ("Electrum Strategic") to contribute to ESOF 16,022,449 of the Issuer's common shares and warrants to purchase 2,760,870 of the Issuer's common shares. Such transactions were previously reported on a Form 4 filed by Global Holdings, Electrum Strategic, Thomas S. Kaplan and the other filers signatory thereto on January 5, 2016.
F2: This Form 3 is being filed by the undersigned as well as ESOF. ESOF GP Ltd. is the sole general partner of Electrum Strategic Opportunities Fund GP L.P., the sole general partner of ESOF. In accordance with Instruction 5 (b)(iv) to Form 3, the entire amount of the Issuer's securities held by ESOF is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, each Reporting Person disclaims beneficial ownership of any such securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.