CEO, CFO buying at Starcore International Mines (SAM)
CEO, CFO buying at Starcore International Mines (T:SAM)
Updated Thursday Jul 21, 2022 02:40 AM EDT
Robert Eadie, CEO and Director, acquired 1,500,000 Common Shares at a price of $0.20 and 750,000 Warrants exercisable at $0.30 on a direct ownership basis through a prospectus or prospectus exempt offering on July 15th, 2022. This represents a $300,000 investment into the company's shares and an account share holdings change of 39.6%. Under the same terms, Gary Vittorio Arca, CFO and Director, acquired 1,500,000 Common Shares and 750,000 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on July 15th, 2022. This represents a $300,000 investment into the company's shares and an account share holdings change of greater than 100%.
Starcore International Mi is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.
Starcore International Mines Ltd. is a Canada-based company that is engaged in exploring, extracting and processing gold and silver through its wholly owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V. (Bernal), which owns the San Martin mine in Queretaro, Mexico. Its San Martin mine is located approximately 50 kilometers (km) east of the City of Queretaro, Mexico, and consists of mining concessions covering approximately 13,077 hectares (ha), which includes seven underground mining units and four units under exploration. Its Ajax Molybdenum Property consists of approximately 11,718 ha and is located 13 km north of Alice Arm, British Columbia. Its Opodepe project consists of the Teocuitla and El Creston properties. Its El Creston molybdenum property is located in the State of Sonora, Mexico, approximately 175 km south of the United States Border and 145 kilometers northeast of the city of Hermosillo. Starcore International Mines Ltd. (SAM) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $600,000.