Patrick John Sheridan, a Senior Officer, Director and 10% Holder, acquired 5,000,000 Common Shares on a direct ownership basis, and 2,000,000 Common Shares on an indirect ownership basis for registered holder Exploreco International Limited at a price of $0.120 through a prospectus or prospectus exempt offering on January 28th, 2022. The insider also acquired 2,500,000 Warrants on a direct ownership basis and 1,000,000 Warrants on an indirect ownership basis for registered holder Exploreco International Limited with an exercise price of $0.250 for two years. This represents a $840,000 investment into the company's shares and an account share holdings change of greater than 100%.
Two other insiders also participated in smaller amounts.
S2 Minerals Inc. is a Canadian mineral exploration company and holds the
Sandy Lake project in Ontario. The Sandy Lake project comprises
approximately 167,000 acres of contiguous mineral claims in the Sandy
Lake Archean Greenstone Belt, located approximately 140 miles north of
Red Lake, Ontario. S2 beneficially holds a 100% interest in the mineral
rights to approximately 137,000 acres, and holds a 50.1% interest in the
approximately 15,000 acres of the "Weebigee Joint Venture" claims and a
50% interest in a further 15,000 acres of the Southern Block claims in
joint ventures with Goldeye Explorations Limited, now part of Treasury
Metals Inc. It is expected that over time, S2 may add new
Canadian-focused exploration stage projects to its portfolio.
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