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Off-market insider buying at Tectonic Metals (V:TECT)

Updated Monday Nov 13, 2023 02:46 AM EDT

Doyon, a 10% Holder, acquired 5,416,667 Common Shares on a direct ownership basis at a price of $0.130 through a prospectus or prospectus exempt offering on November 8th, 2023. The insider also acquired 5,416,667 Warrants on a direct ownership basis at an exercise price of $0.130 through a prospectus or prospectus exempt offering on November 8th, 2023. This represents a $704,167 investment into the company's shares and an account share holdings change of 16.6%.

Tectonic Metals is in the Gold Sub Industry Group under the Basic Materials Sector.

Tectonic Metals Inc. is a Canada-based mineral exploration company. The Company's principal business activities include the identification, acquisition, and exploration of mineral properties primarily in the United States and Canada. Its projects include Tibbs Gold, and Flat Gold. The Tibbs project is located in the Goodpaster Mining District approximately 175 kilometers (km) southeast of Fairbanks, Alaska, and 35 km east of the Northern Star Resources' Pogo Mine. The property covers approximately 29,280 acres of highly prospective geology hosting over 25 target areas and historic lode gold production in three locations. The Flat Gold Project is located 40 km north of the giant Donlin Gold deposit. The Flat Gold Project is comprised of approximately 92,000 acres of Doyon land. The Flat Gold Project is an underexplored, intrusion-hosted gold system with mineralization beginning at the surface near a world-class gold deposit, within the mining district in Alaska.

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Go to Tectonic Metals Inc. (TECT)'s company page

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