Director buying at Moneta Porcupine Mines (ME)

Director buying at Moneta Porcupine Mines (T:ME)

Mark Wayne, a Director, acquired 534,000 Common Shares on a direct ownership basis at a price of $0.750 on November 19th, 2018. This represents a $400,500 investment into the company's shares and an account share holdings change of 8.1%.

Moneta Porcupine Mines is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Moneta Porcupine Mines Inc. (Moneta) is a mineral resource exploration and development company. The Company is engaged in the business of exploring mineral resources and acquiring mineral exploration properties through staking, joint ventures and purchases. Moneta has interests in over 962 claim units each approximately 16 hectares in area (total area approximately 15,700 hectares) in the form of mining patents, leases and staked claims. Moneta holds an interest in approximately five core gold projects located on or along the Destor Porcupine Fault Zone (Destor), a mineralized structure in the Abitibi Greenstone belt in Ontario. The Company's primary gold exploration and resource development focus is the Golden Highway Project (Golden Highway), which contains a contiguous land package of approximately 689 claim units or approximately 11,000 hectares. Moneta's additional property interests include a base metal portfolio, with some properties containing nickel-copper and copper zones. Moneta Porcupine Mines Inc. (ME) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $400,500.