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10% holder buying at Premier Gold Mines (T:PG)

Updated Tuesday Feb 05, 2019 02:01 AM EDT

Orion Mine Finance Management II Limited, a 10% Holder, acquired 7,000,000 Common Shares at a price of $1.58 and 2,000,000 Warrants exercisable at $2.05 for a period of three years on an indirect ownership basis for registered holder Orion Mine Finance Fund II LP through a prospectus or prospectus exempt offering on January 31st, 2019. This represents a $11,056,500 investment into the company's shares and an account share holdings change of 40.3%.

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

Premier Gold Mines Limited (Premier) is a Canada-based mineral exploration company focused on exploring for and developing gold deposits within North America. The principal projects in which Premier holds an interest are the Trans-Canada Property, which includes the Hardrock project and the Brookbank project; McCoy-Cove Project, Lander County, Nevada, and South Arturo Mine, Elko County, Nevada. The Trans-Canada Property is located in northern Ontario, Canada, approximately 200 kilometers northeast of Thunder Bay, and consists of three contiguous blocks comprising over 360 patented mining claims and 676 unpatented mining claims covering an aggregate area of over 28,550.64 hectares. The Cove Project is located in Lander County in north-central Nevada within the Battle Mountain-Eureka mineral trend sitting within the Fish Creek Range, approximately 32 miles south-west of the town of Battle Mountain. The South Arturo Mine is located approximately 48 kilometers northwest of Carlin, Nevada.

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Go to Premier Gold Mines Limited (PG)'s company page

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