CEO buying at Power Nickel (PNPN)

CEO buying at Power Nickel (V:PNPN)

Updated Thursday Apr 18, 2024 01:57 AM EDT
Terry Lynch, CEO, acquired 1,115,625 Common Shares on a direct ownership basis at a price of $0.200 through a prospectus or prospectus exempt offering on April 12th, 2024. The insider also acquired 4,000,000 Warrants with an exercise price of $0.050 until April 12, 2026. This represents a $223,125 investment into the company's shares and an account share holdings change of 13.1%.
Power Nickel is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.

Power Nickel Inc. is a Canada-based junior exploration company. The Company is focused on high-potential nickel, copper, gold, and other battery metal prospects in Canada and Chile. Its projects include NISK, Golden Ivan, Palo Negro Hornitos, Tierra de Oro and Zulema. The NISK project is located in Quebec, Canada. The Nisk property is composed of two blocks totaling 90 claims covering an area of 45.9 square kilometers and a length of over 20 kilometers (km). The Golden Ivan Property is centered approximately five km east of the Stewart airstrip, and 180 km northwest of Terrace. The Golden Ivan property consists of 13 mineral claims. The contiguous Palo Negro and Hornitos properties, 100% owned by it, together comprise over 9,000 hectares in the Atacama Province of Chile's Third Region. Its wholly owned Tierra de Oro property is located in Chile's prolific IOCG (iron oxide-copper-gold) belt. The Zulema project is located 30 km from Lundin Mining Corporation's Candelaria mine.


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