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Multiple buying at Hannan Metals (V:HAN)

Updated Tuesday Jul 10, 2018 02:40 AM EDT

Nick DeMare, a Director, acquired 100,000 Common Shares on an indirect ownership basis for registered holder 888 Capital and 160,000 Common Shares on an indirect ownership basis for registered holder Nick's RRSP and 140,000 Common Shares on an indirect ownership basis for registered holder Nick's TFSA at a price of $0.150 through a prospectus or prospectus exempt offering on July 6th, 2018. The insider also acquired 100,000 Warrants on an indirect ownership basis for registered holder 888 Capital, 160,000 Warrants on an indirect ownership basis for registered holder Nick's RRSP and 140,000 Warrants on an indirect ownership basis for registered holder Nick's TFSA with an exercise price of $0.250 for three years. This represents a $60,000 investment into the company's shares and an account share holdings change of 13.0%.

On the same terms, Michael Robert Hudson, CEO, Director and 10% Holder, acquired 400,000 Common Shares and 400,000 Warrants on a control or direction basis for registered holder Elwood Partners Discretionary Trust. This represents a $60,000 investment into the company's shares and an account share holdings change of 13.5%. Finally, Georgina Margaret Carnegie, a Director, acquired 133,333 Common Shares and 133,333 Warrants on a direct ownership basis. This represents a $20,000 investment into the company's shares and an account share holdings change of 44.4%.

Hannan Metals is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Hannan Metals Ltd, formerly Mitchell Resources Ltd, is a Canada-based company, which holds interest in Clare Zinc-silver-lead-Copper property (Clare property). The Company's Clare property consists of seven prospecting licenses, including 3509, 3640, 3643, 3679, 3787, 3788 and 3789. The Company's Clare project consists of approximately 32,220 hectares. The Company's Clare project is located in County Clare, Ireland, the western extent of, which lies 1.5 kilometers from the town of Ennis. The Company's Clare Property is underlain by an open syncline consisting of Upper Devonian (sandstones) to Lower Carboniferous (sandstones and limestones) rocks. The Lower Carboniferous sequence includes the Waulsortian Limestone, which hosts zinc-lead sulphide deposits, such as the Lisheen and Galmoy deposits. The Company's Kilbricken project is a high-grade Zinc-lead-silver-Copper project.

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Go to Hannan Metals Ltd. (HAN)'s company page

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