Private Eye

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Off-market insider buying at Rhyolite Resources (V:RYE)

Updated Thursday Dec 23, 2021 02:00 AM EDT

Antoine Georges Chedraoui, a Director, acquired 3,098,864 Common Shares on a control or direction basis for registered holder TYRUS CAPITAL EVENT MASTER FUND LIMITED at a price of $0.880 through a prospectus or prospectus exempt offering on December 21st, 2021. This represents a $2,727,000 investment into the company's shares and an account share holdings change of 38.7%.

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

Rhyolite Resources Ltd. is a Canada-based exploration company. The Company's principal activities include the acquisition, exploration and development of mineral properties, including the Paxson Project in Alaska, an option to earn up to 80% in the Brothers Project and an option to earn up to 70% in the Suku Passi Project in Suriname. The Paxson Gold Property located in the eastern Alaska Range, southwest of Tok, Alaska. The Brothers Project covers approximately 96 square kilometers and is located approximately 140 kilometers (km) south of Paramaribo, Suriname. In the Brothers Project, gold is associated with quartz veins that contain tourmaline and iron sulfides. The Suku Passi Project is approximately 335 square kilometers land package, which holds about five concessions consolidates. The Suku Passi Project is accessible by road and is located approximately 20 km from IAMGOLD's Rosebel Mine.

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Go to Rhyolite Resources Ltd. (RYE)'s company page

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