Off-market insider net buying at Megastar Development Corp (MDV)

Off-market insider net buying at Megastar Development Corp (:MDV)

Stichting Depositary Plethora Precious Metals Fund, a 10% Holder, acquired 3,750,000 Common Shares on a direct ownership basis at a price of $0.080 through a prospectus or prospectus exempt offering on June 18th, 2020. The insider also acquired 1,875,000 Warrants with an exercise price of $0.120 for 24 months. This represents a $300,000 net investment into the company's shares and an account share holdings change of greater than 100%.

Megastar Development Corp is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Megastar Development Corp. is an exploration-stage company. The Company is focused on mineral exploration in Quebec and British Columbia, Canada. The Company's properties include Ralleau property and Sedex property. The Company's Ralleau property is located within the Abitibi greenstone belt approximately 40 kilometers east of Quevillon, Quebec. The Ralleau property consists of approximately 60 contiguous mineral claims covering approximately 3,380 hectares. The Company has an interest in approximately eight mineral claim units with a total area of approximately 3,060 hectares located in the Gataga-Akie SEDEX zinc/lead/silver district approximately 280 kilometers north-northwest of Mackenzie, British Columbia.