Multiple buying at Galane Gold (GG)

Multiple buying at Galane Gold (V:GG)

Updated Friday Oct 05, 2018 01:47 AM EDT
Amar Bhalla, a Director, acquired 2,000,000 Common Shares on a direct ownership basis and 4,000,000 Common Shares on an indirect ownership basis for registered holder Capit Investment Corp. at a price of $0.050 through a prospectus or prospectus exempt offering on October 1st, 2018. The insider also acquired 2,000,000 Warrants on a direct ownership basis and 4,000,000 Warrants on an indirect ownership basis for registered holder Capit Investment Corp. with an exercise price of $0.050 until October 1, 2020. This represents a $300,000 investment into the company's shares and an account share holdings change of greater than 100%.

In addition, Nicholas Brodie, CEO and Director, acquired 2,535,000 Common Shares and 2,535,000 Warrants on a direct ownership basis. This represents a $126,750 investment into the company's shares and an account share holdings change of greater than 100%.

Hatton-Jones Wayne, a Senior Officer, acquired 1,053,000 Common Shares and 1,053,000 Warrants on a direct ownership basis. This represents a $52,650 investment into the company's shares and an account share holdings change of 41.6%.

Gavin John Vandervegt, CFO, acquired 975,000 Common Shares and 975,000 Warrants on a direct ownership basis. This represents a $48,750 investment into the company's shares and an account share holdings change of greater than 100%.

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

Galane Gold Ltd. is a Canada-based gold producer and explorer. The Company operates through exploration, development and operation of gold mining properties segment. The Company has material properties, including the Mupane Property and the Galaxy Gold Mine, and several other prospective mineral properties. The Mupane Property is an operating gold mining venture situated in the North-East District of Botswana approximately 30 kilometers south east of Francistown in Southern Africa, and includes over four mining licenses and a prospecting license. The Galaxy Gold Mine is located approximately eight kilometers west of the town of Barberton and over 40 kilometers west of the provincial capital of Nelspruit (Mbombela) in the Mpumalanga Province of South Africa. The Galaxy Gold Mine covers an area of approximately 5,860 hectares. The Galaxy Gold Mine includes over 20 east-west trending gold ore bodies and approximately four prospects at 600 to 2,000 meters depth.


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