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Multiple insider buying at Khalkos Expl (:KAS)

Updated Tuesday Jan 02, 2018 02:44 AM EDT

Roger Bureau, a Director and 10% Holder, acquired 500,000 Common Shares on a direct ownership basis and 750,000 Common Shares on an indirect ownership basis for registered holder Orimex Consultants Inc. at a price of $0.100 through a prospectus or prospectus exempt offering on December 28th, 2017. The insider also acquired 500,000 Warrants on a direct ownership basis and 750,000 Warrants on an indirect ownership basis for registered holder Orimex Consultants Inc. with an exercise price of $0.150 for 18 months. This represents a $125,000 investment into the company's shares and an account share holdings change of 13.3%.

On the same terms, Pierre-Hubert S�guin, a Director, acquired 250,000 Common Shares and 250,000 Warrants on an indirect ownership basis for registered holder 9144-3804 Qu�bec inc. This represents a $25,000 investment into the company's shares and an account share holdings change of 9.1%. Robert Gagnon, a Senior Officer and Director, acquired 50,000 Common Shares and 50,000 Warrants on an indirect ownership basis for registered holder ExploLab inc. This represents a $5,000 investment into the company's shares and an account share holdings change of 4.4%.

Khalkos Expl is in the Gold Sub Industry Group under the Basic Materials Sector.

Khalkos Exploration Inc is a Canada-based exploration company. It is engaged in the exploration and evaluation of mineral resources. The exploration activities of the Company are focused primarily on the research and development of high narrow-vein gold deposits in Abitibi. It holds gold projects in Quebec consisting of Malartic-JAG Part, which is located in Cadillac deformation at Abitibi; Villebon, which is a host of various gold veins in Abitibi located over 50 kilometers south-east of Val-d'Or; Forsan, which includes over 50 claims located approximately 20 kilometers from the Villebon property; Malartic-Lakeshore Part, which includes over 30 claims; Belleterre, which includes Blondeau-Guillet (including over 170 claims) and Chevrier properties (including approximately six claims) located over 120 kilometers south of Rouyn-Noranda and approximately three kilometers north-west of Belleterre, and Malartic-Revillard Part, which includes over 30 claims in the Malartic mining camp. Khalkos Exploration Inc. (KAS) 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, three insiders have invested a total amount of $155,000.

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