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Off-market insider buying at CMC Metals (V:CMB)

Updated Friday Nov 22, 2019 02:19 AM EDT

Michael Curt Scholz, CFO, Director and 10% Holder, acquired 13,100,000 Common Shares on a direct ownership basis and 2,488,210 Common Shares on an indirect ownership basis for registered holder 369 Terminal Holdings Ltd. at a price of $0.070 through a prospectus or prospectus exempt offering on November 20th, 2019. This represents a $1,091,175 investment into the company's shares and an account share holdings change of greater than 100%.

CMC Metals is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

CMC Metals Ltd. is engaged in the acquisition and exploration of mineral properties in Canada and the United States. The Company is reviewing various properties of merit and capital asset acquisitions that will support its focus of developing properties. Its properties include Logjam Property, Radcliff Mine, Black Horse Mine/Chesco Claims and Silver Hart Property. The Logjam Property is located in the Watson Lake Mining District, Yukon Territories. The Radcliff gold property is located in the west-central portion of the Panamint Range, Inyo County, southeastern California. The Radcliff gold property encompasses approximately 1,650 acres and consists of approximately 10 patented mining claims, a patented mill site claim, over 80 unpatented mining claims and approximately five unpatented mill sites. The Silver Hart Property is located in the Watson Lake Mining District, Yukon Territories. It has not generated any revenues. Its subsidiaries include 0877887 B.C Ltd. and CMC Metals Corp.

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