Silvercorp Metals Inc. (SVM) a 10% Holder, acquired 20,000,000 Common Shares on an indirect ownership basis for registered holder Victor Resources Ltd. at a price of US$0.800 through a prospectus or prospectus exempt offering on July 17th, 2017. This represents a $20,620,800 investment into the company's shares and an account share holdings change of greater than 100%.
On the same terms, Rui Feng, CEO and Director, acquired 5,000,000 Common Shares on a direct ownership basis. This represents a $5,155,200 investment into the company's shares and an account share holdings change of greater than 100%.
Thomas Gregory Hawkins, a Director, acquired 125,000 Common Shares on a direct ownership basis. This represents a $128,880 investment into the company's shares and an account share holdings change of 15.2%.
Stephen Paul Simpson, a 10% Holder, acquired 100,000 Common Shares on a direct ownership basis. This represents a $103,104 investment into the company's shares and an account share holdings change of 69.0%.
Yongming Zhang, a Senior Officer, also acquired 100,000 Common Shares on a direct ownership basis. This represents an account share holdings change of 90.9%.
Finally, Jacob (Jack) Austin, a Director, acquired 35,000 Common Shares on a direct ownership basis. This represents a $36,086 investment into the company's shares and an account share holdings change of 9.6%.
New Pacific Holdings is in the Holding Companies Sub Industry Group under the Financials Sector.
New Pacific Holdings Corp., formerly New Pacific Metals Corp., is an investment issuer engaged in investing in privately held and publicly traded corporations. The Company operates through two segments: investment and mining. The investment segment focuses on investing in other privately-held and publicly-traded corporations. The mining segment focuses on safeguarding the value of its exploration and development mineral properties. The investment objective for the Company as an investment issuer is to seek a high return on investment opportunities, primarily in the natural resource, industrial or technology sectors, and to preserve capital and limit downside risk while achieving a reasonable rate of return by focusing on opportunities with attractive risk to reward profiles. The Company was engaged in the acquisition and exploration of mineral property interests in Canada and China. The Company focuses on the development of the Tagish Lake Gold Property and the RZY Project.
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