Anything is a possibility but my guess is a FTS fund or an individual. To get the full tax kick from the shares you want a maximum marginal tax bracket . That said there isn't anything preventing a two step deal that has been prearranged where the share (without the FTS kicker) end up in Goldcorp or someone else's hands. That under 9.9% holding is convenient cover. ...

Agree, Been There. Probably will be transacted like the previous Flow Thru with a two step process.

In that deal, 'Party A' bought the Flow Thru for $2/share and then sold said shares to AEM for $1.50, a 25% discount. AEM also received warrants (3/4 warrant per share) that are exercisable at $2.10.

If current deal is similar, shares will be sold for $2.32/share. Discount might be slightly higher though, given that, in this case, no warrants are attached.