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Off-market insider buying at Magna Mining (V:NICU)

Updated Friday Jan 27, 2023 02:12 AM EDT

Dundee Corporation, a 10% Holder, acquired 1,363,600 Common Shares on an indirect ownership basis for registered holder Dundee Resources Limited at a price of $1.100 through a private transaction on January 25th, 2023. This represents a $1,499,960 investment into the company's shares and an account share holdings change of 4.2%.

Magna Mining is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Magna Mining Inc. is a Canada-based exploration and development company. The Company is focused on nickel, copper, and platinum group minerals (PGM) projects in the Sudbury Region of Ontario, Canada. The Company's projects include Shakespeare project, P-4 project, Shining Tree project and Denison project. Shakespeare project is a past producing Ni-Cu-PGM project located 70 Kilometers (km) south west of Sudbury. It has major permits for the construction of a 4500 ton per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180 square kilometers (km2) prospective land package. The P-4 Project is located in Porter Township, approximately 5 km North East (NE) of the Shakespeare Mine. The Shining Tree project is located 100km north of Sudbury, Ontario, and is within trucking distance of milling facilities. The Denison project is in the southwest corner of the Sudbury Basin, approximately 28 kms west-southwest of the town of Sudbury, Ontario.

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Go to Magna Mining Inc. (NICU)'s company page

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