CEO and CFO buying at Rainy Mountain Royalty (RMO)

CEO and CFO buying at Rainy Mountain Royalty (V:RMO)

Updated Thursday May 04, 2017 02:23 AM EDT
Douglas Lawrence Mason, CEO and Director, acquired 500,000 Common Shares on a direct ownership basis and 1,250,000 Common Shares on an indirect ownership basis for registered holder Criterion Capital Corporation at a price of $0.100 through a private transaction on May 2nd, 2017. The insider also acquired 250,000 Warrants on a direct ownership basis and 625,000 Warrants on an indirect ownership basis for registered holder Criterion Capital Corporation with an exercise price of $0.150. This represents a $175,000 investment into the company's shares and an account share holdings change of greater than 100%.

Sead Hamzagic, CFO and Director, acquired 500,000 Common Shares and 250,000 Warrants on an indirect ownership basis for registered holder Hazmagic Holdings Inc. This represents a $50,000 investment into the company's shares and an account share holdings change of greater than 100%.

Rainy Mountain Royalty is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Rainy Mountain Royalty Corp. is an exploration-stage company. The Company is engaged in the acquisition and exploration of mineral resource properties. The Company explores for copper, zinc, nickel and precious metals in northwestern Ontario. The Company focuses on the platinum group metals in association with copper and nickel. Its Clay property consists of approximately 10 claims with an area of approximately 20 kilometers. Its Powell property consists of approximately 10 claims with an area of approximately 15 kilometers. Its Eva Kitto property consists of approximately 15 claims, and is located on the east side of Lake Nipigon near Beardmore, Ontario. Its Hamlin property consists of approximately five claims, and is located approximately 125 kilometers west of Thunder Bay, Ontario. Its Marshall Lake property is located in the Thunder Bay Mining Division, Ontario. Its Seagull property consists of approximately 20 claims. Its Max property consists of approximately 40 claims.


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