- Write by:
-
Tuesday, October 22, 2019 - 12:15:39 PM
-
194 Visit
-
Print
Mining News Pro - Vancouver-based Falcon Gold announced Monday that CEO and director Karim Rayani has increased its holdings in the company through multiple investments.
R7 Capital Ventures Ltd., an investment company wholly owned by Rayani, acquired a total of two million units pursuant to a private placement dated July 15, 2019. Each unit comprises one common share of Falcon Gold and one share purchase warrant for a two-year period at an exercise price of C$0.05 per share.
Additionally, Rayani acquired an aggregate of 360,000 common shares by way of open market purchases dated October 8, 2019.
Prior to these transactions, Rayani personally and through his company held approximately 4.32 million common shares of Falcon Gold, or about 8.3% of those outstanding. He now has control or direction over 8.9 million shares, representing 14.6% of those outstanding.
Shares of Falcon Gold surged over 14% during Monday’s trading session. The gold miner has a market capitalization of C$2.31 million.
Short Link:
https://www.miningnews.ir/En/News/436246
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ...
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
No comments have been posted yet ...