Off-market insider buying at Stingray Digital Group (RAY)

Off-market insider buying at Stingray Digital Group (T:RAY)

8978832 Canada Inc., a 10% Holder, acquired 194,363 Multiple Voting Shares on a direct ownership basis at a price of $10.290 through a prospectus or prospectus exempt offering on October 26th, 2018. This represents a $1,999,995 investment into the company's shares and an account share holdings change of 4.5%.

Stingray Digital Group is in the Broadcasting Sub Industry Group under the Consumer Cyclicals Sector.

Stingray Digital Group Inc. is a business-to-business (B2B) music products, services and content provider. The Company broadcasts music and video content on various platforms, including digital television, satellite television, Internet Protocol television (IPTV), the Internet, mobile devices and game consoles. The Company offers its clients a selection of multiplatform products (Stingray Music and Stingray Karaoke), long-form television channels (iConcerts, Stingray Brava, Stingray Djazz and Stingray Ambiance) and music video television channels (Stingray LiteTV). Its products and services are offered to pay television providers on a plug and play basis. It also offers various business solutions, including music and digital display-based solutions, through its Stingray Business division. Stingray Music is a music network, available on television, the Internet and through smartphones and tablets. The Company has approximately 400 million subscribers in over 150 countries. Stingray Digital Group Inc. (RAY) has a high amount of executive buying compared to its small-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $1,999,995.