Off-market insider buying at Eastern Platinum (ELR)

Off-market insider buying at Eastern Platinum (T:ELR)

Ka An Development Co. Limited, a 10% Holder, acquired 22,865,464 Common Shares on a direct ownership basis at a price of $0.320 through a prospectus or prospectus exempt offering on January 25th, 2021. This represents a $7,316,948 investment into the company's shares and an account share holdings change of greater than 100%.

Eastern Platinum is in the Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.

Eastern Platinum Limited is a Canada-based platinum group metal (PGM) company engaged in the mining, exploration and development of PGM properties located in South Africa. The Company's properties are situated on the western and eastern limbs of the Bushveld Complex (BC). It holds interest in Barplats Investments Limited, whose assets are the Crocodile River Mine, which is located on the western limb of the BC and the Kennedy's Vale Project located on the Eastern Limb of the BC. The Crocodile River Mine comprises four mining sections: Maroelabult in the east, Zandfontein in the center, Crocette in the west, and Kareespruit between Maroelabult and Zandfontein. It has an interest in the Mareesburg Project, which is located on the Eastern Limb of the BC. It has interest in the Spitzkop Project, which is also located on the Eastern Limb of the Bushveld Complex in Limpopo Province. The Kennedy's Vale project consists of PGM minerals rights on various farms in the Steelpoort Valley. Eastern Platinum Limited (ELR) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $7,316,948.