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Off-market insider buying at Manitou Gold (V:MTU)

Updated Friday Oct 02, 2020 04:37 AM EDT

Richard Murphy, CEO and Director, acquired 2,000,000 Common Shares on a direct ownership basis at a price of $0.060 through a prospectus or prospectus exempt offering on September 30th, 2020. The insider also acquired 2,000,000 Warrants with an exercise price of $0.120 for two years. This represents a $120,000 investment into the company's shares and an account share holdings change of 24.8%.

Two other insiders also spent the same amount buying shares and warrants.

Manitou Gold is in the Gold Sub Industry Group under the Basic Materials Sector.

Manitou Gold Inc. is a Canada-based exploration-stage company. The Company is engaged the acquisition, exploration and development of mineral property interests located in the Gold Rock District of Northwestern Ontario. The Company is also engaged in mineral exploration in Canada. The Company's mineral assets include interests in the Kenwest property, located in Kenora Mining Division, Ontario, and it has interest in the Gaffney property, located in Kenora Mining Division, Ontario. The Company also holds claims for other properties located in Kenora Mining Division. The Kenwest Property consists of leased private lands consisting of over 1,500 acres. Kenwest is adjacent to an approximately 11,000 acres of the mining claims that make up the Company's Canamerica property. The Gaffney property consists of over 435 acres of owned and leased lands, as well as an additional approximately 11,400 acres of mining claims. Manitou Gold Inc. (MTU) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to regulatory filings yesterday, three insiders have invested a total amount of $360,000.

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Go to Manitou Gold Inc. (MTU)'s company page

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