Frank Giustra buying at West Red Lake Gold Mines (WRLG)

Frank Giustra buying at West Red Lake Gold Mines (V:WRLG)

Updated Thursday Nov 30, 2023 02:17 AM EDT
Frank Giustra, a 10% Holder, acquired 900,000 Common Shares on an indirect ownership basis for registered holder Modern Farmer Media Inc. and 1,100,000 Common Shares on an indirect ownership basis for registered holder Sestini & Co. Pension Trustees Ltd. at a price of $0.520 through a private transaction on November 28th, 2023. The insider also acquired 900,000 Warrants on an indirect ownership basis for registered holder Modern Farmer Media Inc. and 1,100,000 Warrants on an indirect ownership basis for registered holder Sestini & Co. Pension Trustees Ltd. with an exercise price of $0.680 until November 28, 2026. This represents a $1,040,000 investment into the company's shares and an account share holdings change of 11.6%.

Four other insiders also participated in smaller amounts.

West Red Lake Gold Mines is in the Gold Sub Industry Group under the Basic Materials Sector.

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (Km2) land package in the Red Lake district of Ontario. The Company's project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high-grade gold mines of the Red Lake Gold District. The Company's West Red Lake Project has approximately 3100-hectare property encompassing three former gold mines, including Rowan Mine, Red Summit Mine and Mount Jamie Mine. The Rowan Mine Property is comprised of approximately 119 claims. The Mount Jamie Mine Property is 100% owned and consists of approximately 26 claims. The Red Summit Mine Property consists of over two 100% owned patented claims situated within the Rowan Mine property. The NT Zone is located on the Rowan Mine Property portion of the West Red Lake Project.


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