Off-market insider buying at Gold79 Mines (AUU)

Off-market insider buying at Gold79 Mines (V:AUU)

Derek Macpherson, CEO, acquired 3,225,000 Common Shares on a direct ownership basis at a price of $0.035 through a prospectus or prospectus exempt offering on November 18th, 2022. The insider also acquired 1,000,000 Common Shares on an indirect ownership basis for registered holder Kanaga Capital Corp. The insider also acquired 3,225,000 Warrants with an exercise price of $0.050 until November 18, 2025. The insider also acquired 1,000,000 Warrants on an indirect ownership basis for registered holder Kanaga Capital Corp. This represents a $147,875 investment into the company's shares and an account share holdings change of greater than 100%.

Two other insiders also participated. 

Gold79 Mines is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.

Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company's Gold Chain project located in Mohave County, Arizona. The Gold Chain project consists of various mineralized exposures, over five kilometers (km), composed of epithermal-style gold mineralization. Its Jefferson Canyon gold-silver Project (JCP) is located in the southern Nevada, Nye County. Its Tip Top Gold Project is located at the north end of the White Mountains, approximately five miles south of Montgomery Pass, which is on United States Highway 6 between Bishop, California, and Tonopah, Nevada. Its Greyhound Property is located north of the community of Baker Lake, Nunavut and it comprises a total of about 15 claims covering approximately 15,123 hectares (ha). Its Taviche Project is comprised of the Higo Blanco concession covering approximately 986 ha.