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Off-market insider buying at Golden Independence (C:IGLD)

Updated Monday Mar 06, 2023 02:14 AM EDT

William Matlack, a 10% Holder, acquired 1,290,322 Common Shares on a direct ownership basis at a price of $0.310 through a private transaction on March 1st, 2023. The insider also acquired 1,290,322 Warrants with an exercise price of $0.500 for two years. This represents a $400,000 investment into the company's shares and an account share holdings change of greater than 100%.

Two other insiders also participated in smaller amounts.

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

Golden Independence Mining Corp. is an exploration company. The Company's principal business activities include the acquisition and exploration of mineral property assets. The Company is focused on exploring the Independence property. The Independence property (Independence) is an advanced-stage gold property, consisting of approximately 14 unpatented lode claims along with mill-site mining claims totaling 960 acres, lying in the Battle Mountain-Cortez Trend, Nevada. The Independence property, which is located adjacent to Nevada Gold Mine's Phoenix-Fortitude mine in the Battle Mountain-Cortez Trend of Nevada. The Company's project also includes the Fraser Lake copper project that consists of three distinct claim groups totaling approximately 9,900 hectares, lying 40 to 55 kilometers northwest of Fraser Lake, proximal to the Quesnel Trough. The Company also has rights to explore Champ property, which is located in the Greenwood Mining District of British Columbia.

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Go to Golden Independence Mining Corp. (IGLD)'s company page

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Golden Independence Mining Corp.

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