C. Fraser Elliott, a Director, acquired 6,607,143 Common Shares at prices ranging from $0.070 to $0.080 and 3,303,572 Warrants exercisable at $0.15 for a period of 24 months on a direct ownership basis through a prospectus or prospectus exempt offering on July 13th, 2018. This represents a $500,000 investment into the company's shares and an account share holdings change of 32.7%.
Under the same terms, Janet Lynn O'Donnell, CFO, acquired 87,500 Common Shares at a price of $0.080 and 43,750 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on July 13th, 2018. This represents a $7,000 investment into the company's shares and an account share holdings change of 10.1%.
Gowest Gold is in the Gold Sub Industry Group under the Basic Materials Sector.
Gowest Gold Ltd. is engaged in the business of exploring and evaluating properties. The Company focuses on the exploration and evaluation of the North Timmins Gold Project (NTGP), which includes its Bradshaw gold deposit. Its NTGP land package, which is of over 10,940-hectares is located near Timmins, Ontario, in the Timmins Gold Camp. Its properties include Frankfield Property, Tully Property, Pipestone Property and Whitney Property. The Frankfield Property covers an area of over 840 hectares and is consists of nine mining leases. The Tully Property consists of two claim blocks totaling over 2,510 hectares in Tully Township. The Pipestone Property covers over 7,580 hectares and consists of two blocks, such as the East Pipestone and the West Pipestone. Whitney Property consists of approximately 140 hectares. Whitney Property is located in the center of the Timmins Gold Camp, 10 kilo-meters west of downtown Timmins, Ontario and 25 kilometers south of the Bradshaw gold deposit.
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