Off-market insider buying at Tectonic Metals (TECT)

Off-market insider buying at Tectonic Metals (V:TECT)

Doyon, a 10% Holder, acquired 5,917,600 Common Shares on a direct ownership basis at a price of $0.100 through a prospectus or prospectus exempt offering on June 24th, 2021. The insider also acquired 2,958,800 Warrants with an exercise price of $0.170 for two years. This represents a $591,760 investment into the company's shares and an account share holdings change of 56.5%. One other insider also participated in the deal.

Tectonic Metals is in the Gold Sub Industry Group under the Basic Materials Sector.

Tectonic Metals Inc is a Canada-based mineral exploration company. The Company is engaged in identification, acquisition and exploration of mineral properties primarily in the State of Alaska. The Company's exploration is focused on discovering and delineating gold resources. Its mineral properties include Tibbs Property, the Seventymile Property and the Northway Property. The Tibbs Property comprises approximately 169 claims covering a total of approximately 5,457 hectares. The Seventymile Property is located approximately 270 kilometers east of Fairbanks, Alaska and approximately 59 kilometers west of Eagle, Alaska. The Northway Property surrounds the village of Northway, Alaska on lands located within the Tanacross Mining District. The Company's subsidiaries include Tectonic Resources, LLC and District Metals, LLC.