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Director buying at Pinecrest Resources (:PCR)

Updated Tuesday Apr 11, 2017 02:32 AM EDT

Douglas Burton Forster, a Director and 10% Holder, acquired 5,000,000 Common Shares on a direct ownership basis at a price of $0.210 through a private transaction on April 10th, 2017. This represents a $1,050,000 investment into the company's shares and an account share holdings change of greater than 100%.

Pinecrest Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Pinecrest Resources Ltd. is a Canada-based mineral exploration and junior mine development company. The Company is engaged in the acquisition, advancement and development of precious mineral properties particularly its Enchi Gold Project in Ghana. The Enchi Project is located in south-western Ghana, which operates open pit and underground gold mines located along strike to the northeast of the Project. The Enchi Project covers approximately 50 kilometer strike length of the Bibiani Shear Zone, situated along the eastern margin of the Sefwi Belt stretching from the Cote d'Ivoire border in the southwest to the southern margin of the Suhuma Forest Reserve, to the northeast. The project area consists of approximately eight contiguous licenses. The Enchi Gold Project has an average annual gold production of approximately 61,750 ounces.

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