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Multiple buying at Geologix Explorations (T:GIX)

Updated Friday Jun 23, 2017 01:50 AM EDT

Randy Smallwood, a Director, acquired 1,670,000 Common Shares on a direct ownership basis at a price of $0.060 through a prospectus or prospectus exempt offering on June 21st, 2017. The insider also acquired 835,000 Warrants with an exercise price of $0.100 for three years. This represents a $100,200 investment into the company's shares and an account share holdings change of 32.1%.

On the same terms, Gillian Kearvell, a Senior Officer, acquired 500,000 Common Shares and 250,000 Warrants on a direct ownership basis. This represents a $30,000 investment into the company's shares and an account share holdings change of greater than 100%.

Kiran Uday Patankar, CEO and Director, acquired 450,000 Common Shares and 225,000 Warrants on a direct ownership basis. This represents a $27,000 investment into the company's shares and an account share holdings change of 81.8%.

Geologix Explorations is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Geologix Explorations Inc. (Geologix) is a Canada-based exploration company. The Company is engaged in the business of acquisition, exploration, and development and mining of mineral properties. Its principal focus is the exploration and development of the copper-gold Tepal Project, which is located in Michoacan State, Mexico. Geologix's mineral property, the Tepal Property is in the exploration and development-stage, and the Company has not commenced development of any mining operations on its current or past properties. Other mineral properties held by the Company are early-stage and under exploration by either the Company or joint venture partners. The Tepal project is approximately 70 kilometers west of Apatzigan and over 170 kilometers south of Guadalajara. The Tepal Project consists of approximately five concessions totaling over 1,400 hectares. The Company's material resource property, the Tepal Property is owned through its subsidiary, Geologix Exploration Mexico S.A. de C.V.

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Go to Geologix Explorations Inc. J (GIX)'s company page

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