Dundee buying at Moneta Porcupine Mines (ME)

Dundee buying at Moneta Porcupine Mines (T:ME)

Updated Friday Feb 05, 2021 04:42 AM EDT
Dundee Corporation (DC), a 10% Holder, acquired 12,500,000 Common Shares on an indirect ownership basis for registered holder Dundee Resources Limited at a price of $0.320 through a private transaction on February 4th, 2021. This represents a $4,000,000 net investment into the company's shares and an account share holdings change of greater than 100%.

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

Moneta Porcupine Mines Inc. (Moneta) is a mineral resource exploration and development company. The Company is engaged in the business of exploring mineral resources and acquiring mineral exploration properties through staking, joint ventures and purchases. Moneta has interests in over 962 claim units each approximately 16 hectares in area (total area approximately 15,700 hectares) in the form of mining patents, leases and staked claims. Moneta holds an interest in approximately five core gold projects located on or along the Destor Porcupine Fault Zone (Destor), a mineralized structure in the Abitibi Greenstone belt in Ontario. The Company's primary gold exploration and resource development focus is the Golden Highway Project (Golden Highway), which contains a contiguous land package of approximately 689 claim units or approximately 11,000 hectares. Moneta's additional property interests include a base metal portfolio, with some properties containing nickel-copper and copper zones.


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