CEO, others buying at K2 Gold (KTO)

CEO, others buying at K2 Gold (V:KTO)

Updated Thursday Jun 29, 2017 01:56 AM EDT
Stephen P. Swatton, CEO and Director, acquired 131,250 Common Shares at prices ranging from $0.350 to $0.400 and 35,000 Warrants exercisable at a price of $0.550 for a term of 18 months on an indirect ownership basis for registered holder Lundy Management Ltd. through a prospectus or prospectus exempt offering on June 28th, 2017. This represents a $49,000 investment into the company's shares and an account share holdings change of greater than 100%.

As part of the same offering:
 
Gary Richard Freeman, a Director, acquired 62,500 Common Shares at a price of $0.400 on a direct ownership basis. This represents a $25,000 investment into the company's shares and an account share holdings change of greater than 100%.

Craig A. Roberts, a Director, acquired 71,400 Common Shares at a price of $0.350 and 35,700 Warrants on an indirect ownership basis for registered holder Flotsam Cove Holdings Ltd. This represents a $24,990 investment into the company's shares and an account share holdings change of 6.6%.

Frederic Wilfred Roger Leigh, a Director, acquired 25,000 Common Shares at a price of $0.400 on an indirect ownership basis for registered holder Siwash Corporate Services Inc. This represents a $10,000 investment into the company's shares and an account share holdings change of 62.5%.

John Edward Robins, a Senior Officer, Director and 10% Holder, acquired 25,000 Common Shares at a price of $0.400 on a direct ownership basis. This represents a $10,000 investment into the company's shares and an account share holdings change of 1.9%.

K2 Gold is in the Gold Sub Industry Group under the Basic Materials Sector.

K2 Gold Corporation, formerly West Melville Metals Inc., is a Canada-based exploration-stage company. The Company is engaged in the business of acquiring and exploring mineral properties with a focus on locating and developing economic deposits of minerals. The Company operates in the segment of the acquisition, exploration and development of mineral properties. The Company is evaluating the economic potential of a deposit of iron, titanium and vanadium in Greenland. The Company is in search of a new property or project. All of the Company's assets are held within Canada. The Company has operations in Canada and Greenland. The Company does not have any producing resource properties. The Company has no revenues from its operations. K2 Gold Corporation (KTO) 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, five insiders have invested a total amount of $118,990.


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