Dundee Corporation, a 10% Holder, acquired 18,750,000 Common Shares on an indirect ownership basis for registered holder Dundee Resources Limited at a price of $0.080 through a private transaction on August 6th, 2020. The insider also acquired 9,375,000 Warrants with an exercise price of $0.120 until August 6, 2022. This represents a $1,500,000 investment into the company's shares and an account share holdings change of 35.5%.
In addition, David Fennell, a Director, acquired 6,250,000 Common Shares and 3,125,000 Warrants on an indirect ownership basis. This represents a $500,000 investment into the company's shares and an account share holdings change of 43.1%.
Five other insiders also bought units in smaller amounts.
Reunion Gold is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
Reunion Gold Corp is a Canada-based mineral exploration company. The Company and its subsidiaries are engaged in the acquisition, exploration and development of mineral properties in Guiana Shield region of South America. The Company, through its subsidiary, Reunion Manganese Inc. (RMI), holds approximately four prospecting licenses for manganese, which includes the Matthews Ridge project. The Matthews Ridge Project is located between over two drainage basins of the Barima and Barama river systems, at approximately 260 kilometers North West District of Guyana, South America. The prospecting licenses cover an area of approximately 45,730 acres (over 190 square kilometers) and are centered on the manganese mine at Matthews Ridge and Pipiani. The Company's subsidiaries include Northwest Utilities Inc. and New Sleeper Gold (USA) Ltd.
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