Resolute Canada Pty Ltd, a 10% Holder, acquired 16,182,480 Common Shares at a price of $0.675 and 938,221 Special Warrants exercisable at $0.675 on a direct ownership basis through a private transaction on July 13th, 2018. Resolute also filed opening balances of 16,182,480 Common Shares and 938,221 Special Warrants. This represents a $10,923,174 net investment into the company's shares
and an account share holdings change of greater than 100%.
Orca Gold is in the Gold Sub Industry Group under the Basic Materials Sector.
Orca Gold Inc. is a junior exploration-stage company. The Company is focused on the acquisition and exploration of mineral properties in Africa. Its exploration focus is on the Arabian Nubian Shield in the north of Sudan, where it holds the Block 14 prospecting license. Its property is located close to the Egyptian border, approximately 700 kilometers north of Khartoum and over 300 Kilometers west of the Red Sea. The Company operates through the acquisition and exploration of mineral resources in the Republic of Sudan segment. Its NI 43-101 compliant mineral resource estimate at Block 14 consists of over 27.6 million tons (Mt) at approximately 1.83 gold (Au) grams per ton (g/t) for over 1,625,000 ounces of gold and an inferred resource of approximately 10.3 Mt at over 1.8 Au g/t for approximately 594,000 ounces of gold. In Block 14, it is focused on the Galat Sufar South prospect, which includes over three mineralized zones: the Main Zone, the Eastern Zone and the Far East Zone.
No Comments