Pan American Silver Corp. (PAAS), a 10% Holder, acquired 16,000,000 Common Shares on a direct ownership basis at a price of $1.420 through a prospectus or prospectus exempt offering on November 24th, 2017. The insider also acquired 8,000,000 Warrants with an exercise price of $2.100 for 18 months. This represents a $22,720,000 net investment into the company's shares and an account share holdings change of greater than 100%.
New Pacific Metals is in the Holding Companies Sub Industry Group under the Financials Sector.
New Pacific Metals Corp, formerly New Pacific Holdings 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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