K92 Mining (KNT) has notable insider buying

K92 Mining (T:KNT)

K92 Mining Inc. (KNT) has a high amount of executive buying compared to its small-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $157,869.Robert Stuart Angus, a Director, acquired 222,222 Common Shares on a direct ownership basis at a price of $0.450 through a private transaction on March 6th, 2018. This represents a $100,000 investment into the company's shares and an account share holdings change of 10.4%.

Bryan James Rees Slusarchuk, a Director, acquired 100,000 Common Shares on an indirect ownership basis for registered holder SluzCap Enterprises at prices ranging from $0.576 and $0.580 through the public market on March 7th, 2018. This represents a $57,869 investment into the company's shares and an account share holdings change of greater than 100%.

K92 Mining Inc., formerly Otterburn Resources Corp., is engaged in the exploration and development of mineral deposits in Papua New Guinea, specifically the Kainantu Gold Mine that includes Irumafima and Kora deposits. The Company's Kainantu property covers a total area of approximately 410 square kilometers and is located in the Eastern Highlands Province of Papua New Guinea, approximately 180 kilometers west-northwest of Lae. The Kainantu property comprises an exploration license EL1341; a mining license ML150; two mining easements ME80 and ME81, and a license for mining purposes LMP78. The Kora mine is located within ML150 and the main Kainantu exploration camp and processing plant are located within LMP78, which is located within EL693. The Company's EL 1341 covers a total area of over 150 square kilometers and is located to the south of ML150. The ML150 includes Judd, Karempe and other unnamed mineralized lodes. Judd is located approximately 200 meters east of Koraon ML150.