Isaac Maxwell Porterfield, CEO, acquired 200,000 Common Shares at a price of $0.50 and 100,000 Warrants exercisable at $1.00 until Sept. 26, 2021 on a direct ownership basis through a prospectus or prospectus exempt offering on September 26th,
2019. This represents a $100,000 investment into the company's shares
and an account share holdings change of 88.6%.
Under the same terms, Michael Louie, a Director, acquired 40,000 Common Shares and 20,000 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on September 26th, 2019. This represents a $20,000 investment into the company's shares and an account share holdings change of 61.5%.
Callinex Mines is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
Callinex Mines Inc. (Callinex) is a Canada-based company, which is engaged in the acquisition, exploration and development of exploration and evaluation of assets. The Company operates through the exploration and evaluation of its exploration and evaluation assets in Canada segment. It focuses on carrying out exploration activities on the Flin Flon and Pine Bay properties, for the purpose of identifying copper and zinc rich volcanogenic massive sulfide (VMS) deposits. Its additional properties include Sneath Lake Project, Gossan Gold Project, Neuron Project, Herblet Lake Project, Coles Creek Project and Fox River Project. Its Pine Bay Project is located approximately 20 kilometers east of Flin Flon, Manitoba, and covers an area of approximately 6,000 hectares. Its Flin Flon project is located approximately three kilometers southeast of Flin Flon and covers an area of approximately 2,450 hectares. Callinex Mines Inc. (CNX) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to recent regulatory filings, two insiders have invested a total amount of $120,000.
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