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SEMAFO buying at Savary Gold (V:SCA)

Updated Friday Jan 04, 2019 01:42 AM EDT

SEMAFO inc. (SMF), a 10% Holder, acquired 6,200,000 Common Shares on a direct ownership basis at a price of $0.050 through a prospectus or prospectus exempt offering on December 31st, 2018. The insider also acquired 3,100,000 Warrants with an exercise price of $0.050 until December 31, 2021. This represents a $310,000 investment into the company's shares and an account share holdings change of 18.6%.

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

Savary Gold Corp is a Canada-based company engaged in acquisition, exploration and evaluation of properties. The Company is focused on exploring the Hounde South and Serakoro 1 Gold Properties (Karankasso Joint Venture) in Burkina Faso. The property is in the Birimian age Hounde Greenstone Belt, which hosts Semafo's Mana mine and other gold deposits. Its Hounde South property consists of approximately four exploration licenses, Diosso, Mandiasso, Kelesso and Fakoto. The Property is located in southwestern Burkina Faso in the Houet and Camoe provinces, and it is located approximately 130 kilometers southwest of Semafo's Mana Mine and over 60 kilometers south of Endeavour's Vindaloo deposit. Diosso covers approximately 370 square kilometers, and Mandiasso covers over 120 square kilometers of concessions. The Diosso South zone lies over four kilometers south of the Kueredougou.

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Go to Savary Gold Corp. (SCA)'s company page

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