Alan Carter, a Senior Officer, Director and 10% Holder, acquired 1,666,667 Common Shares on a direct ownership basis at a price of $0.150 through a prospectus or prospectus exempt offering on July 25th, 2019. The insider also acquired 1,666,667 Warrants with an exercise price of $0.200 for 12 months. This represents a $250,000 investment into the company's shares and an account share holdings change of 25.9%.
In addition, Paul Taylor Hansed, a Senior Officer, acquired 200,000 Common Shares and 200,000 Warrants on an indirect ownership basis for registered holder 0923383 B.C. Ltd. This represents a $30,000 investment into the company's shares and an account share holdings change of 12.8%. Finally, Dennis Moore, a Director, acquired 100,000 Common Shares and 100,000 Warrants on a direct ownership basis. This represents a $15,000 investment into the company's shares and an account share holdings change of 1.9%.
The Company is a junior resource company and is engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company owns the Cuiú Cuiú gold project located in the Tapajós Region within the state of Pará in northern Brazil, which contains a NI 43-101 Mineral Resource Estimate totalling 5.9M tonnes grading 0.9 g/t Au (Indicated) and 19.5M tonnes grading 1.2 g/t Au (Inferred), or 0.2M ounces and 0.8M ounces of gold, respectively.
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