Silvercorp Metals buying at Volcanic Gold Mines (VG)

Silvercorp Metals buying at Volcanic Gold Mines (V:VG)

Silvercorp Metals Inc. (SVM), a 10% Holder, acquired 3,117,100 Common Shares on an indirect ownership basis for registered holder Fortune Gold Mining Limited at a price of $0.550 through a prospectus or prospectus exempt offering on October 20th, 2020. The insider also acquired 1,558,550 Warrants with an exercise price of $0.700 until April 20, 2022. This represents a $1,714,405 investment into the company's shares and an account share holdings change of 54.8%.

In addition, Simon T.P. Ridgway, a Director, acquired 64,000 Common Shares and 32,000 Warrants on a direct ownership basis. This represents a $35,200 investment into the company's shares and an account share holdings change of 4.7%.

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

Volcanic Gold Mines Inc, formerly Volcanic Metals Corp, is a Canada-based exploration company engaged in the identification, acquisition, exploration and development of natural resource properties in Canada. The Company holds all of the issued and outstanding share capital of Sovereign Mines of Africa Ltd (Sovereign Mines). Sovereign Mines holds over 70% interest in a series of exploration permits located in Guinea commonly referred to as the Mandiana Project.