John McDougall Murphy, a Director, acquired 750,000 Common Shares on a direct ownership basis at a price of $0.100 through a prospectus or prospectus exempt offering on December 14th, 2017. The insider also acquired 375,000 Warrants with an exercise price of $0.150 for 24 months. This represents a $75,000 investment into the company's shares and an account share holdings change of greater than 100%.
In addition, Louis George Montpellier, a Director, acquired 500,000 Common Shares and 250,000 Warrants on a direct ownership basis on the same terms. This represents a $50,000 investment into the company's shares and an account share holdings change of greater than 100%.
InZinc Mining is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
InZinc Mining Ltd, formerly Lithic Resources Ltd, is a Canada-based exploration and mining company. The Company's principal business activities include the acquisition and exploration of mineral exploration and evaluation assets, either solely or through joint ventures and options. The Company holds an active property, the West Desert Property in western Utah. The West Desert project is located approximately 100 kilometers southwest of Salt Lake City, Utah. The West Desert Property covers an area of approximately 4,000 acres. The West Desert deposit consists of coarse-grained sphalerite with minor chalcopyrite occurring in skarn developed in thin-bedded, shaly carbonate rocks near the intrusive complex. The West Desert deposit occurs in approximately two principal zones separated by the Juab fault, the Main zone being situated in Ordovician carbonate rocks north of the fault and the Deep zone in similar rocks of Cambrian age to the south. InZinc Mining Ltd. (IZN) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to recent regulatory filings, two insiders have invested a total amount of $125,000.
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