David Andrew Terry, CEO and Director, acquired 1,000,000 Common Shares on an indirect ownership basis for registered holder Vinland Holdings Inc. at a price of $0.225 through a prospectus or prospectus exempt offering on December 20th, 2019. The insider also acquired 500,000 Warrants with an exercise price of $0.330 for 24 months. This represents a $225,000 investment into the company's shares and an account share holdings change of greater than 100%.
Genesis Metals is in the Gold Sub Industry Group under the Basic Materials Sector.
Genesis Metals Corp., formerly Entourage Metals Ltd., is a mineral exploration company. The Company is involved in the acquisition and assessment of mineral properties in Canada. The Company holds interest in Chevrier Gold Property, located near Chibougamau, Quebec. The Chevrier Gold Property covers approximately 15 kilometers of the Fancamp Deformation zone. The Chevrier property consists of approximately 550 contiguous claims, for a total of over 9,540 hectares located in Hauy, Queylus, Fancamp and La Dauversiere Townships, Province of Quebec. The Company also holds interest in October Gold Property, which is located in the Southern Swayze greenstone belt in Benton Township, Ontario, covers approximately 200 square kilometers. The October Gold Property is located within the Abitibi region and straddles a portion of the Ridout Deformation Zone, which hosts the Trelawney Mining Cote Lake Gold Deposit and the Jerome Mine. Genesis Metals Corp (GIS) 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, seven insiders have invested a total amount of $291,375.
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