Rcf Vi Cad Llc, a 10% Holder, acquired 685,407 Common Shares on a direct ownership basis at a price of $1.750 through a private transaction on May 6th, 2020. The insider also acquired 167,509 Common Shares on an indirect ownership basis for registered holder Private Advisors Real Assets Fund II, LP at the same price. This represents a $1,492,603 investment into the company's shares and an account share holdings change of 3.0%.
TMAC Resources is in the Gold Sub Industry Group under the Basic Materials Sector.
TMAC Resources, Inc. is a Canada-based gold producer. The Company is involved in the exploration, evaluation and development of the Hope Bay mineral property in the Kitikmeot Region of Nunavut, Canada (Hope Bay Project). Approximately 1,100 square kilometer Hope Bay Project gold deposit has approximately 4.5 million ounces of gold at an average grade of approximately 9.2 grams per ton gold (g/t Au), Inferred Mineral Resources totaling approximately 1.4 million ounces of gold at an average grade of 7.4 g/t Au and proven and probable mineral reserves totaling approximately 3.5 million ounces of gold at an average grade of 7.7 g/t Au.
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