Off-market insider buying at Loncor Resources (LN)

Off-market insider buying at Loncor Resources (T:LN)

Resolute Canada 2 Pty Ltd, a 10% Holder, acquired 1,200,000 Common Shares on a direct ownership basis at a price of $0.500 through a prospectus or prospectus exempt offering on February 3rd, 2021. This represents a $600,000 investment into the company's shares and an account share holdings change of 4.0%.

Loncor Resources is in the Gold Sub Industry Group under the Basic Materials Sector.

Loncor Resources Inc. is a mineral exploration company with a primary focus on gold. The Company's principal business is the acquisition and exploration of mineral properties. The Company operates through the segment, which includes the acquisition, exploration and development of precious metal projects located in the Congo. Its projects include North Kivu and Ngayu projects. The North Kivu project is situated in the North Kivu Province in eastern Congo to the northwest of Lake Edward and consists of over 50 exploration permits covering approximately 13,375 square kilometers. The Ngayu project consists of over 10 exploration permits covering an area of approximately 2,080 square kilometers. The Ngayu project is found within the Orientale Province in the northeast of the Congo, approximately 270 kilometers northeast of Kisangani. The Ngayu project covers Ngayu Archaean greenstone belt, which includes the Kilo and Moto greenstone belts. It has operations in Canada and the Congo.