Lavras Gold (LGC) has notable insider buying

Lavras Gold (V:LGC)

Lavras Gold Corp. (LGC) has a high amount of executive buying compared to its small-cap peers over the past three months. According to recent regulatory filings, six insiders have invested a total amount of $711,489.Alexander David Birkett, a Director, acquired 50,000 Common Shares on a direct ownership basis at a price of $1.350 through a private transaction on September 28th, 2023. This represents a $67,500 investment into the company's shares and an account share holdings change of 6.7%.

Michael Christopher Durose, CEO and Director, acquired 37,037 Common Shares on a direct ownership basis at a price of $1.350 through a private transaction on September 28th, 2023. The insider also acquired 37,037 Common Shares on an indirect ownership basis for registered holder Durose Asset Management at a price of $1.350 through a private transaction on September 28th, 2023. This represents a $100,000 investment into the company's shares and an account share holdings change of 69.7%.

Mike Mutchler, a Director, acquired 18,519 Common Shares on a direct ownership basis at a price of $1.350 through a private transaction on September 28th, 2023. This represents a $25,001 investment into the company's shares and an account share holdings change of 2.1%.

Rostislav Christov Raykov, a Director, acquired 29,630 Common Shares on a direct ownership basis at a price of $1.350 through a private transaction on September 28th, 2023. This represents a $40,000 investment into the company's shares and an account share holdings change of 2.9%.

Hemdat Sawh, CFO, acquired 18,510 Common Shares on a direct ownership basis at a price of $1.350 through a private transaction on September 28th, 2023. This represents a $24,988 investment into the company's shares and an account share holdings change of 6.6%.

Rowland Wallace Uloth, a Senior Officer and Director, acquired 336,296 Common Shares on an indirect ownership basis for registered holder Rosedale Transport Limited at a price of $1.350 through a private transaction on September 28th, 2023. This represents a $454,000 investment into the company's shares and an account share holdings change of 54.7%.

Lavras Gold Corp. is a Canada-based junior exploration company. The Company is engaged in the exploration and development of the Lavras do Sul gold project located in the state of Rio Grande do Sul, Brazil. The Lavras do Sul gold project is an advanced exploration stage property that spans approximately 22,000 hectares in size and comprised of 29 mineral rights centered on historic gold workings.