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Off-market insider buying at Murchison Minerals (C:MUR)

Updated Monday Jul 27, 2020 05:26 AM EDT

Donald Kenneth Johnson, a Director and 10% Holder, acquired 4,000,000 Common Shares on a direct ownership basis at a price of $0.065 through a prospectus or prospectus exempt offering on July 23rd, 2020. The insider also acquired 4,000,000 Warrants with an exercise price of $0.120 for 18 months. This represents a $260,000 investment into the company's shares and an account share holdings change of 20.3%.

One other insider also reported participating in the deal in a smaller amount.

Murchison Minerals is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Murchison Minerals Ltd is a Canada-based exploration company. The Company is focused on developing a portfolio of properties, including the Brabant-McKenzie zinc-copper deposit (the Deposit) in north-central Saskatchewan and the HPM nickel-copper-cobalt project in Quebec. The Deposit covers an area of approximately 15 kilometers of the prospective horizon. The Company also holds claims forming the Cloridorme property, an alumina shale formation that covers an area of approximately 15 kilometers. The Company's Cloridorme property is an extension of the Marin deposit located on the Gaspe Peninsula in eastern Quebec. The Company also holds gold claims in the Pickle Lake area of northwestern Ontario, covering an area of approximately 60 square kilometers and over six exploration licenses prospective for nickel and gold exploration in central Uganda. The Company holds a land position of approximately 1,200 square kilometers for nickel and gold exploration in central Uganda.

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Go to Murchison Minerals Ltd. (MUR)'s company page

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