{"url":"https://newsforagent.com/news/2026-10-31/northern-lights-resources-gillis-stake-disclosure","markdown_url":"https://newsforagent.com/news/2026-10-31/northern-lights-resources-gillis-stake-disclosure.md","title":"Northern Lights Resources Holder Gillis at 11.75% Stake","headline":"Northern Lights Resources Amends Early Warning as Gillis Group Reaches 11.75% Undiluted","description":"Northern Lights Resources amended its early warning disclosure, showing Jeremy Gillis and joint actors at about 11.75% undiluted and 17.09% partially diluted as of September 2, 2026.","section":"Regulation & Approvals","published_at":"2026-10-31T01:44:37+00:00","modified_at":"2026-10-31T01:44:37+00:00","author":"News Desk","key_takeaways":["Jeremy Gillis and joint actors hold about 11.75% of Northern Lights Resources undiluted and about 17.09% partially diluted as of September 2, 2026.","The amended early warning adds previously omitted warrants and options to the Gillis Group disclosure.","Gillis Group bought 387,500 shares on August 17, 2026 and 1,200,000 shares on August 21, 2026, both at $0.08."],"companies":[{"name":"Northern Lights Resources","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003fklx/northern-lights-resources","website":"https://www.northernlightsresources.com"}],"source":{"publisher":"TradingView","title":"Northern Lights Resources Corp. (NLR) Updates Gillis Group Ownership","url":"https://www.tradingview.com/news/tradingview:240345cb4d53a:0-northern-lights-resources-corp-nlr-holder-discloses-11-75-stake-warrants-clarified/"},"other_sources":[],"tags":["Regulation & Approvals","Northern Lights Resources"],"body_markdown":"[Northern Lights Resources](https://akta.pro/company-profiles/003fklx/northern-lights-resources) Corp. amended its early warning disclosure to add previously omitted warrants and options, showing Jeremy Gillis and joint actors at about 11.75% undiluted and about 17.09% partially diluted ownership as of September 2, 2026. [TradingView](https://www.tradingview.com/news/tradingview:240345cb4d53a:0-northern-lights-resources-corp-nlr-holder-discloses-11-75-stake-warrants-clarified/) published the update, which is based on the company's original press release distributed by TheNewswire.\n\n## What the Amended Gillis Group Filing Shows\n\nThe undiluted figure of about 11.75% puts the Gillis Group above the 10% threshold that triggers early warning filing requirements. The partially diluted figure of about 17.09% includes options and warrants, which the amendment adds to the disclosure.\n\nThe filing records share purchases at $0.08: 387,500 shares on August 17, 2026 and 1,200,000 shares on August 21, 2026. It also lists 2.95 million warrants priced between $0.05 and $0.10.\n\nNorthern Lights Resources is a Vancouver-based, pre-revenue mineral exploration company advancing copper and gold projects, with Horetzky in British Columbia and Pup in Yukon among its properties. It is listed on the CSE, OTC and FSE.\n\n## Northern Lights' Share Count and Funding Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Northern Lights had 70,643,704 shares issued and outstanding as of May 15, 2026, and a fully diluted count of 96,008,704 including 6,415,000 stock options and 18,950,000 warrants. The same records list total funding of $300,000, with the last round dated December 5, 2025, and a December 2025 non-brokered private placement announced to raise up to C$350,000 through units of shares and warrants.\n\n## Exploration Work Before the Disclosure\n\nNorthern Lights completed its 2026 field program at the Pup Copper Project in Yukon, including 7 reverse circulation drill holes totaling 277.36 metres, with trenching returning 7.5 metres of 0.62% copper, The future of trading reported in October 2026. In August 2026, Yahoo reported that the company completed an integrated 3D geological model at its Horetzky Copper Project in British Columbia. FinancialContent Business Page reported in September 2026 that Northern Lights released a 3D animation of the Horetzky porphyry system integrating aeromagnetic and resistivity inversion models.\n\n## What the Warrants Could Add\n\nThe filing states that exercising the 2.95 million warrants, priced from $0.05 to $0.10, would add shares to the float.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}