10% holder buying at SRG Graphite (SRG)

10% holder buying at SRG Graphite (V:SRG)

Updated Wednesday May 23, 2018 02:45 AM EDT
CORIS Capital SA, a 10% Holder, acquired 1,333,333 Common Shares at a price of $1.50 and 1,333,333 Warrants with an exercise price of $2.50 (as filed on SEDI) for a period of 12 months on a direct ownership basis through a private transaction on May 22nd, 2018. This represents a $2,000,000 investment into the company's shares and an account share holdings change of 13.2%.

SRG Graphite is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

SRG Graphite Inc, formerly Sama Graphite Inc, is a Canada-based mineral exploration and development business with activities in Africa. The Company operates in one reportable business segment: the exploration and evaluation of mineral properties. SRG Graphite Inc focuses on developing the Lola Graphite Deposit, located approximately 1,000 kilometers east of Conakry, the capital of the Republic of Guinea, West Africa. The graphite mineralization is well exposed at surface over the entire strike length, with surface sample grades ranging from trace to up to approximately 20% Cg (graphitic carbon).The Lola Graphite occurrence has a prospective surface outline of approximately three square kilometers of continuous graphitic gneiss. The Company has one subsidiary in Guinea, namely Sama Ressources Guinee SARL. SRG Graphite Inc. (SRG) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $2,000,000.


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