Lorito Holdings S.?.r.l., a 10% Holder, acquired 10,415,000 Common Shares on a direct ownership basis at a price of $1.750 through a prospectus or prospectus exempt offering on May 1st, 2020. This represents a $18,226,250 investment into the company's shares and an account share holdings change of greater than 100%.
In addition, Jack Oliver Lundin, CEO and Director, acquired 571,430 Common Shares on a direct ownership basis. This represents a $1,000,002 investment into the company's shares and an account share holdings change of greater than 100%.
Bluestone Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
Bluestone Resources Inc. is a Canada-based mineral exploration and development company. The Company is focused on exploration and development of Cerro Blanco Gold project (Cerro Blanco) and Mita Geothermal project (Mita Geothermal), located in Guatemala. The Cerro Blanco gold project is a underground gold project located in southeastern Guatemala, which is in the Jutiapa Department, approximately nine kilometers (kms) west of the border with El Salvador. The Mita Geothermal project is in southeast Guatemala approximately 160 kilometers from Guatemala City. The Mita Geothermal project is permitted for 50 megawatts of annual power production and located eight kms from the national power grid. The Mita Geothermal project includes supplement power requirements for mine, including dewatering and ventilation. The Mita Geothermal includes the development of a geothermal power plant which generate the balance of the power required for operations.
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