Eric Sprott, via 2176423 Ontario Ltd., a 10% Holder, acquired 5,000,000 common shares at a price of $1.00 and 2,500,000 warrants exercisable at $1.75 for a period of 24 months on a direct ownership basis through a prospectus or prospectus exempt offering on August 5th, 2020. This represents a $5,000,000 net investment into the company's shares and an account share holdings change of greater than 100%.
Summa Silver is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
Summa Silver Corp, formerly Pinnacle North Gold Corp, is a Canada-based junior mining, exploration and development company. The Company's principal business is exploration for and development of base and precious mineral resources in the Vernon Mining Division in south-central British Columbia. The Company focuses on The Donna property. The Donna property is centered on Monashee and Yeoward Mountains at the headwaters of the Kettle River, located in the Vernon Mining Division in south-central British Columbia approximately 63 kilometers southeast of the City of Vernon. The Donna property is comprised of approximately 18 claim blocks totaling approximately 10,022 hectares. The Donna property covers gold-silver mineral occurrence. Summa Silver Corp. (SSVR) has a high amount of executive buying compared to its small-cap peers in the market over the past three months. According to regulatory filings yesterday, two insiders have invested a net amount of $5,000,000.
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