Off-market insider buying at Cantex Mine Development (CD)

Off-market insider buying at Cantex Mine Development (V:CD)

Dundee Corporation, a 10% Holder, acquired 1,500,000 Common Shares on an indirect ownership basis for registered holder Goodman & Company, Investment Counsel Inc. at a price of $1.000 through a private transaction on March 22nd, 2019. This represents a $1,500,000 investment into the company's shares and an account share holdings change of 55.3%.

Charles Edgar Fipke, a Senior Officer and Director, acquired 2,250,000 Warrants on an indirect ownership basis for registered holder 0974052 B.C. Ltd at an exercise price of $1.500 through granting of warrants on March 21st, 2019. This represents a $0 investment into the company's shares and an account share holdings change of 0%.

Cantex Mine Development is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Cantex Mine Development Corp. is a Canada-based exploration-stage company. The Company is engaged in the exploration and development of mineral properties for commercial mineral deposits. The Company's primary project is located in the northwestern part of the Republic of Yemen where it owns exploration licenses over a 1,583 square kilometer area. The Company has staked 10 claim blocks covering approximately 30,000 hectares in the Yukon, Canada. The Company also has interest in six groups of gold exploration claims, which consist of 140 claims over 1,171 hectares in Nevada, the United States. The Company's Al Hariqah gold deposit is located over 130 kilometers northwest of Sana'a. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region over 205 kilometers north-northwest of the capital city, Sana'a, and 25 kilometers south of the border with Saudi Arabia. Cantex Mine Development Corp. (CD) 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, two insiders have invested a total amount of $1,500,000.