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Director and CEO buying at Para Resources (V:PBR)

Updated Wednesday May 08, 2019 03:06 AM EDT

Glenn Howard Walsh, a Director and 10% Holder, acquired 28,000,000 Common Shares on an indirect ownership basis for registered holder Conex Services Inc. at a price of $0.180 through a private transaction on May 3rd, 2019. The insider also acquired 14,000,000 Warrants with an exercise price of $0.250 until November 2, 2020. This represents a $5,040,000 investment into the company's shares and an account share holdings change of 49.4%.

In addition, Christopher Geoffrey Hampson, CEO and Director, acquired 961,788 Common Shares and 480,894 Warrants on an indirect ownership basis for registered holder Lake Forest Development Corp. This represents a $173,122 investment into the company's shares and an account share holdings change of 4.3%.

Para Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Para Resources Inc. is a natural resource company. The Company is engaged in the business of acquiring, exploring and developing properties in Latin and South America. Its segments include the El Limon property as mine under development, and exploration and evaluation assets. Its geographical segments include Colombia, Brazil and Canada. The El Limon mine is a gold mine located near the town of Zaragoza, Colombia. The Company holds interest in the Tucuma gold project. The Tucuma gold project is a gold and copper/gold exploration project, which consists of six mineral concessions covering an area of approximately 11,460 hectares. The Tucuma project is located approximately 20 kilometers from the town of Tucuma, Para State, Brazil. It also holds interests in the Cumaru-Gradaus Gold Project, which is located in Para State, Brazil. It holds interest in certain mining titles and various mining applications located within the Republic of Colombia (collectively the North Otu Properties).

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Go to Para Resources Inc. (PBR)'s company page

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