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Off-market insider buying at iMetal Resources (V:IMR)

Updated Tuesday Oct 06, 2020 03:20 AM EDT

Johan Grandin, a Senior Officer, acquired 2,100,000 Common Shares on a direct ownership basis at a price of $0.110 through a private transaction on September 30th, 2020. The insider also acquired 2,100,000 Warrants on a direct ownership basis with an exercise price of $0.200. This represents a $231,000 investment into the company's shares and an account share holdings change of greater than 100%.

In addition, Scott Davis, CFO and Director, acquired 1,400,000 Common Shares on and 1,400,000 Warrants on a direct ownership basis. This represents a $154,000 investment into the company's shares and an account share holdings change of greater than 100%.

iMetal Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

iMetal Resources Inc., formerly Adroit Resources Inc., is an exploration and development stage mineral resource company. The Company is engaged in the exploration and development of mineral properties. The Company is focused on finding and developing diamond and base metal resources in various areas of the world. The Company has approximately eight owned properties located in Ontario and Quebec, Canada. It owns Carheil Property, which is located approximately 280 kilometers north-northwest of Val-d'Or, Quebec. The Carheil Property encompasses approximately 5,400 acres. The Company is exploring for precious and base metals in the South Timmins/Shining Tree/Temagami/Cobalt areas of North-Eastern Ontario. The Temagami North Property consists of non-contiguous mining claim units in the New Liskeard/Cobalt kimberlite field in the north-eastern Ontario. The Company has not generated any revenues.

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Go to iMetal Resources Inc. (IMR)'s company page

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