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Off-market insider buying at Alphamin Resources (V:AFM)

Updated Tuesday May 19, 2020 04:12 AM EDT

Tremont Master Holdings, a 10% Holder, acquired 251,785,714 Common Shares on a direct ownership basis at a price of $0.140 through a private transaction on May 13th, 2020. This represents a $35,250,000 investment into the company's shares and an account share holdings change of 59.8%.

In addition, Brendon Howard Jones, a 10% Holder, acquired 292,685 Common Shares on a control or direction basis for registered holder Adansonia Management Seervices Limited as Trustees of the Growth Trust at a price of $0.140 through a private transaction on May 13th, 2020. The insider also acquired 2,769,642 Common Shares on a control or direction basis for registered holder Adansonia PE Opportunities Limited at a price of $0.140 through a private transaction on May 13th, 2020. This represents a $428,726 investment into the company's shares and an account share holdings change of 0.5%.

Finally, Trevor John Faber, a Senior Officer, acquired 503,571 Common Shares on a direct ownership basis at a price of $0.140 through a prospectus or prospectus exempt offering on May 13th, 2020. This represents a $70,500 investment into the company's shares and an account share holdings change of greater than 100%.

Alphamin Resources is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Alphamin Resources Corp. is a Mauritius-based company engaged in tin exploration and mining business. The Company is engaged in the business of locating, acquiring, exploring, evaluating and, if warranted, developing mineral properties. The Company's exploration and evaluation assets are located in the Democratic Republic of the Congo. The Company owns an indirect interest in Alphamin Bisie Mining SA and the holder of approximately five research permits and one exploitation permit constituting the Bisie Tin Project. The Company focuses on its principal project, the Bisie Tin Project. The Bisie Tin Mining Project's Mpama North prospect is located in North Kivu in the eastern region of the Democratic Republic of the Congo. The Company mines and markets tin with its North Kivu tin mine as the prime asset, producing over 9,900 tons of tin annually. Alphamin Resources Corp. (AFM) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to recent regulatory filings, four insiders have invested a total amount of $70,999,226.

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Go to Alphamin Resources Corp. (AFM)'s company page

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Alphamin Resources Corp.

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