Multiple buying at Desert Star Resources (DSR)

Multiple buying at Desert Star Resources (:DSR)

Updated Tuesday May 02, 2017 01:43 AM EDT
Vincenzo Sorace, a Senior Officer and Director, acquired 50,000 Common Shares on an indirect ownership basis for registered holder RESP and  450,000 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $0.200 through a prospectus or prospectus exempt offering on May 1st, 2017. The insider also acquired 50,000 Warrants on an indirect ownership basis for registered holder RESP and 450,000 Warrants on an indirect ownership basis for registered holder RRSP with an exercise price of $0.250 for 24 months. This represents a $100,000 investment into the company's shares and an account share holdings change of greater than 100%.

Robert Andrew Duncan, a Senior Officer, acquired 300,000 Common Shares and 300,000 Warrants on a direct ownership basis. This represents a $60,000 investment into the company's shares and an account share holdings change of 41.7%.

Rory Albert Martel Kutluoglu, a Senior Officer, acquired 250,000 Common Shares and 250,000 Warrants on a direct ownership basis. This represents a $50,000 investment into the company's shares and an account share holdings change of greater than 100%.

Desert Star Resources is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Desert Star Resources Ltd. is an exploration-stage company. The Company is engaged in the evaluation and exploration of mineral property interests. The Company's principal activity is the acquisition and exploration of resource properties. It has a portfolio of exploration properties, primarily in the south-western United States. It holds interest in resource properties in Saskatchewan in Canada and Arizona in the United States. The Company holds interest in the Red Top Project, which consists of approximately 148 unpatented federal lode mining claims, covering over 1,172 hectares. The Company's Red Top Project is located approximately 8.5 kilometers from the town of Superior, Pinal County in Arizona. The Red Top Project is prospective for bulk tonnage supergene (oxide) and hypogene (sulfide) porphyry copper and molybdenum mineralization. Desert Star Resources Ltd. (DSR) 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, four insiders have invested a total amount of $210,000.


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