Don Lay, CEO, Director and 10% Holder, acquired 2,550,000 Common Shares on a direct ownership basis at a price of $0.105 through a prospectus or prospectus exempt offering on August 23rd, 2019. The insider also acquired 1,275,000 Warrants with exercise price of $0.165 until until August 23, 2022. This represents a $267,750 investment into the company's shares and an account share holdings change of greater than 100%.
Medallion Resources is in the Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.
Medallion Resources Ltd. is a Canada-based company, which is involved in the acquisition and evaluation of mineral resource projects. The Company is focusing on monazite processing partnerships by which to extract and produce rare-earths from monazite. It is examining the production of sources, which are capable of providing near-term production of rare earths. The Company's operations consist of evaluating the merits of these properties using various techniques, such as sampling, trenching, drilling, and geophysical and geochemical survey methods. It is focused primarily on a rare-earth business strategy involving the mineral monazite, which is available as a by-product mineral from heavy-mineral-sands mining operations. The Company is testing a range of samples, which have been submitted by heavy-mineral sands producers, to locate suitable quantities and qualities of monazite feed. The Company has no commercial production. It has no revenue from operations.
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