Sama Resources Inc., a 10% Holder, acquired 250,000 Common Shares on a direct ownership basis at a price of $0.500 through a prospectus or prospectus exempt offering on March 4th, 2020. The insider also acquired 250,000 Warrants on a direct ownership basis with an exercise price of $1.000 for 36 months. This represents a $125,000 investment into the company's shares and an account share holdings change of 1.1%.
SRG Mining is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.
SRG Mining Inc., formerly SRG Graphite Inc., is a Canada-based mineral exploration and development business with activities in Africa. The Company operates in one reportable business segment: the exploration and evaluation of mineral properties. The Company focuses on developing the Lola Graphite Deposit, located approximately 1,000 kilometers east of Conakry, the capital of the Republic of Guinea, West Africa. The graphite mineralization is well exposed at surface over the entire strike length, with surface sample grades ranging from trace to up to approximately 20% Cg (graphitic carbon).The Lola Graphite occurrence has a prospective surface outline of approximately three square kilometers of continuous graphitic gneiss. The Company has one subsidiary in Guinea, namely Sama Ressources Guinee SARL.
No Comments