CEO buying at Macarthur Minerals (MMS)

CEO buying at Macarthur Minerals (V:MMS)

Alan Joseph Phillips, CEO and Director, acquired 1,872,400 Common Shares on an indirect ownership basis for registered holder Unlimited Business Strategies Pty Ltd and  7,567,200 Common Shares on a control or direction basis for registered holder First Apollo Capital Limited at a price of $0.025 through a private transaction on September 25th, 2018. The insider also acquired 7,567,200 Warrants on a control or direction basis for registered holder First Apollo Capital Limited and 1,872,400 Warrants on a control or direction basis for registered holder Unlimited Business Strategies Pty Ltd with an exercise price of $0.100 for 12 months. This represents a $235,990 investment into the company's shares and an account share holdings change of greater than 100%.

Macarthur Minerals is in the Steel Sub Industry Group under the Basic Materials Sector.

Macarthur Minerals Limited is an exploration-stage company. The Company is focused on identifying and developing lithium projects and counter cyclical investments. It holds Western Australian iron ore projects. It holds lithium acreage on Sulphur Springs and Whim Creek covering a total area of over 1,680 square kilometers in the Pilbara Craton, Ravensthorpe and the Edah regions of the Yilgarn Craton of Western Australia. It holds Yalgoo Lithium Project, located in Western Australia. It has two iron ore projects in Western Australia: the Ularring hematite project, including hematite iron ore and the Moonshine magnetite project, including magnetite iron ore. The Iron Ore Projects are located over 170 kilometers northwest of Kalgoorlie in Western Australia. It has approximately 20 exploration license applications in the Pilbara covering a total area of over 1,280 square kilometers. The Whim Creek project area covers the Archaean Whim Creek Greenstone Belt within the North Pilbara region.