Off-market insider buying at Telson Mining (TSN)

Off-market insider buying at Telson Mining (:TSN)

Updated Monday Feb 10, 2020 05:40 AM EDT
Estrategica Corporativa en Finanzas S.A.P.I. de C.V., a 10% Holder, acquired 5,853,796 Common Shares on a direct ownership basis at a price of $0.100 through a private transaction on February 4th, 2020. The insider also acquired 2,926,898 Warrants with an exercise price of $0.250 until February 4th, 2022. This represents a $585,380 investment into the company's shares and an account share holdings change of 19.8%.

In addition, Enrique Margalef, a Director, acquired 679,376 Common Shares and 339,688 Warrants on a direct ownership basis. This represents a $67,938 investment into the company's shares and an account share holdings change of 25.3%. Ralph Shearing, CEO and Director, acquired 62,000 Common Shares on an indirect ownership basis for registered holder RSP - Ralph Shearing and 210,000 Common Shares on an indirect ownership basis for registered holder TFSA - Ralph Shearing along with warrants. This represents a $27,200 investment into the company's shares and an account share holdings change of 64.4%.

Telson Mining is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Telson Mining Corp, formerly Telson Resources Inc. (Telson), is a Canada-based company, which is engaged in the acquisition and exploration of mineral resource properties. The Company, through its Mexican subsidiaries, has an interest in mineral exploration properties in the Tahuehueto Project. The Tahuehueto Project is located in the mining district of northwestern Durango State. The Tahuehueto Project has an area of approximately 7,490 hectares, and covers over 10 known mineralized zones hosted within a structurally controlled epithermal system that is traced for over six kilometers. The Tahuehueto Project lies within the prolific Sierra Madre mineral belt. Telson has completed over 49,000 meters of drilling in approximately 250 drill holes at Tahuehueto Project to define priority zones occurring within a district-scale epithermal system. Its subsidiaries include Samarkand de Mexico S.A. de C.V. (Samarkand), Sierra Soleada S.A. de C.V. (Sierra) and Real de la Bufa S.A. de C.V.

Headlines: Feb 10, 2020


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