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Insider buying and repricing of Warrants at North Arrow Minerals (V:NAR)

Updated Thursday Aug 01, 2019 01:52 AM EDT

David Grenville Thomas, a Director, acquired 1,720,000 Common Shares on an indirect ownership basis for registered holder Anglo Celtic Exploration Ltd. at a price of $0.070 through a prospectus or prospectus exempt offering on July 31st, 2019. This represents a $120,400 investment into the company's shares and an account share holdings change of 25.5%. The insider also acquired 1,720,000 Warrants with an exercise price of $0.100 for five long years. The insider also acquired 400,000 Warrants at a repriced exercise price of $0.225 until an extended May 18, 2022.

Douglas Blair Murdoch, a Director, acquired 1,000,000 Common Shares on a direct ownership basis at a price of $0.070 through a prospectus or prospectus exempt offering on July 31st, 2019. The insider also acquired 1,000,000 Warrants also with an exercise price of $0.100 for five long years. This represents a $70,000 investment into the company's shares and an account share holdings change of 74.0%. The insider also acquired 988,235 Warrants with in some cases repriced exercise prices ranging from $0.225 to $0.300 and extended expiry dates.

Christopher Mark Hubert Jennings, a Director, acquired 860,000 Common Shares on a direct ownership basis at a price of $0.070 through a prospectus or prospectus exempt offering on July 31st, 2019. The insider also acquired 860,000 Warrants on a direct ownership basis at an exercise price of $0.100, again for five long years. This represents a $60,200 investment into the company's shares and an account share holdings change of 21.4%. In addition, the insider also acquired 2,270,588 Warrants on a direct ownership basis at in some cases repriced exercise prices ranging from $0.225 to $0.300 and extended expiry dates.

See the company's press release of July 31st for details of the Warrant repricing and extensions.

North Arrow Minerals is in the Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.

North Arrow Minerals Inc is a Canada-based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada. It has the following projects: Naujaat (Qilalugaq) Diamond Project, which is located in close proximity to the community of Naujaat, Nunavut, Canada and is comprised of approximately 10,000 hectares (ha); Pikoo Project, which is located in east central Saskatchewan, Canada and is comprised of approximately 33,000 ha; Lac de Gras Project, which is located in the Lac de Gras kimberlite field and is comprised of approximately 100,000 ha; Loki Project, which consists of Loki South and Loki East claim blocks, located in the Lac de Gras region to the southwest of the Diavik and Ekati diamond mines; Timiskaming Project; Mel Project, which consists of approximately 56,000 ha of mineral claims on the Melville Peninsula, Canada; Luxx Project, which consists of approximately 2,300 ha near tidewater, Nunavut, Canada, and Hope Bay Project.

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