Dundee Corporation, a 10% Holder, acquired 6,250,000 Common Shares on an indirect ownership basis for registered holder Dundee Resources Limited at a price of $0.320 through a prospectus or prospectus exempt offering on April 17th, 2019. The insider also acquired 6,250,000 Warrants with an exercise price of $0.400 until April 17, 2021. This represents a $2,000,000 investment into the company's shares and an account share holdings change of 37.3%.
eCobalt Solutions is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.
eCobalt Solutions Inc, formerly Formation Metals Inc, is a Canada-based mineral exploration and mine development company. The Company's primary project is Idaho Cobalt Project (ICP), which is located in the mining state of Idaho. The Company's segments include Exploration and ICP development, and Corporate. It holds mineral exploration properties in Canada, the United States and Mexico. ICP property covers an area of approximately 4,080 acres and includes over 170 mining claims. ICP consists of the mine, mill and concentrator, referred to as the Mine & Mill (M&M) located in Lemhi County outside of the town of Salmon, Idaho, and a hydrometallurgical plant. Its property also includes Wallace Creek, in which the Company has interest in certain mineral claims located in Lemhi County. Its properties in Saskatchewan, Canada include Kernaghan Lake/Bell, which consists of over 10 mineral claims, and Virgin River, which is located in the Athabasca Basin of northern Saskatchewan. eCobalt Solutions Inc. (ECS) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $2,000,000.
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