RNC Minerals (RNX) has notable insider buying

RNC Minerals (T:RNX)

Mark Thomas Henry Selby, CEO, acquired 100,000 Common Shares on a direct ownership basis at a price of $0.680 through the public market on October 25th, 2018. This represents a $68,000 investment into the company's shares and an account share holdings change of 5.2%.

Royal Nickel Corp is a Canada-based multi-asset mineral resource company. The Company is focused primarily on the acquisition, exploration, evaluation and development of precious metal and base metal properties. The Company's principal assets are the producing Beta Hunt gold and nickel mine, which is located approximately 559 kilometers from Perth in Kambalda, Western Australia, and the Dumont Nickel Project, which is located in the established Abitibi mining camp in the Canadian province of Quebec. The Company owns an approximately 29% interest in the producing Reed copper-gold mine located in the Flin Flon-Snow Lake region of Manitoba, Canada. The Company also owns an interest in the West Raglan nickel project and Qiqavik gold project in Northern Quebec. The Dumont deposit contains approximately 6.8 billion pounds of nickel in the proven and probable reserve categories and over 9.74 billion pounds of nickel resources in the measured and indicated category.