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Off-market insider buying at Minnova (V:MCI)

Updated Tuesday Nov 05, 2019 01:35 AM EDT

Gorden Glenn, CEO and Director, acquired 536,668 Common Shares on a direct ownership basis at a price of $0.450 through a private transaction on October 31st, 2019. This represents a $241,501 investment into the company's shares and an account share holdings change of 34.9%.

Minnova is in the Gold Sub Industry Group under the Basic Materials Sector.

Minnova Corp. is principally engaged in the acquisition and exploration of mineral properties. The Company's exploration activities are at an early-stage. The Company focuses on near-term re-start of gold production at its PL Gold Mine and acquisition of other development-stage projects. The Company owns PL Gold Mine and holds interests in the adjacent Nokomis Property. The PL Gold Mine, Nokomis Property and the staked properties are collectively termed as the PL Gold Project (PLP), and are located over 50 kilometers northeast of the town of Flin Flon, Manitoba. The Nokomis property includes over 2,200 hectares, and is located approximately eight kilometers northeast of the existing mine and mill infrastructure on the PLP near Flin Flon, Manitoba. The PL Gold Project features approximately 1,000 ton-per-day mill and concentrator; a deposit developed by over 7,000 meter ramp to a depth of approximately 135 meters, and infrastructure related to the past-producing mine.

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Go to Minnova Corp (MCI)'s company page

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Minnova Corp

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