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Off-market insider buying at Magna Terra Minerals (V:MTT)

Updated Wednesday Jan 02, 2019 01:13 AM EDT

Victor Lewis Lawrick, CEO, Director and 10% Holder, acquired 5,700,000 Common Shares on an indirect ownership basis for registered holder Thorsen-Fordyce Merchant Capital Inc. at a price of $0.050 through a private transaction on December 28th, 2018. The insider also acquired 2,850,000 Warrants on an indirect ownership basis for registered holder Thorsen-Fordyce Merchant Capital Inc. with an exercise price of $0.100 until December 28, 2020.. This represents a $285,000 investment into the company's shares and an account share holdings change of greater than 100%.

Magna Terra Minerals is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Magna Terra Minerals Inc, formerly Brionor Resources Inc, is a Canada-based mineral exploration company. The Company is involved in the acquisition, exploration and development of mining properties primarily in Quebec. The Company holds interests in various mining properties, such as Verneuil, Noyell and Matchi-Manitou. The Company holds a 100% interest in approximately 50 claims located approximately 30 kilometers south of Matagami, along the Douay-Cameron Corridor adjacent to the Vezza deposit, district of Abitibi. The Company holds interests in approximately 30 claims located approximately 20 kilometers to the east of the Lebel-sur-Quevillon, district of Abitibi. The Company holds interests in approximately 30 claims located in Tavernier and Pershing townships, district of Abitibi.

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Go to Magna Terra Minerals Inc. (MTT)'s company page

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