10% Holder buying at Geodrill (GEO)

10% Holder buying at Geodrill (T:GEO)

Sustainable Capital Ltd, a 10% Holder, acquired 204,100 Common Shares on a direct ownership basis at a price of $1.450 on November 13th, 2018. This represents a $295,945 investment into the company's shares and an account share holdings change of 3.6%.

Geodrill is in the Mining Support Services & Equipment Sub Industry Group under the Basic Materials Sector.

Geodrill Limited is an exploration drilling company. The Company operates a fleet of Multi-Purpose, Core, Air-core and Grade Control drill rigs. The Company's geographic segments include Ghana and Outside Ghana. The multi-purpose rigs can perform both reverse circulation (RC) and diamond core (Core) drilling and can switch from one to the other. Multi-purpose rigs provide clients with RC drilling and the depth of Core drilling without the need to have two different drill rigs on site. Its drilling services also include water borehole and directional drilling. The Company's products include EDM 2000 multi-purpose, Sandvik DE 820 multi-purpose, Sandvik DE 810 multi-purpose, Sandvik DE 710 core, Austex X350 RC/Grade Control and Austex X300 Air-core. Its rigs and support equipment also include a fleet of boosters and auxiliary compressors. The Company has a fleet of approximately 40 drill rigs operating in Africa. It has operations in Ghana, Burkina Faso, Cote d'Ivoire, Mali and Zambia.