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Kermode Resources Ltd V.KLM

Alternate Symbol(s):  KMDRF

Kermode Resources Ltd. is a Canada-based junior mining company. The Company’s main business is the acquisition, exploration and development of natural resource properties. Its exploration properties include Lucky Strike, Star of the West, Caycuse Copper, Loup Creek, and Santana Mines (LOI). The Lucky Strike property is located in Nitinat, British Columbia and covers an area of approximately 3005 hectares. The Star of the West property is located in Port Alberni, British Columbia and covers an area of 3427 hectares. Its Caycuse Copper property is located in Caycuse, British Columbia and covers an area of 1532 hectares. The Loup Creek property is located 30 kilometers (kms) from Lake Cowichan and is accessible through the Gordon River Main Logging Road. The Santana Mines is located at Quadra Island, British Columbia. The Company also has an option agreement to acquire three properties, namely 911 Knockout, Eastgate BC and Slesse Creek.


TSXV:KLM - Post by User

Comment by Newton1234on Aug 19, 2022 9:47pm
133 Views
Post# 34908832

RE:insider buys for KLM

RE:insider buys for KLM The SEDI website could be more clear about what number to include for "Total Holding" when buying within different entities. This was the first time I bought KLM shares with my company so it shows the total of 1,000,000 shares. 

Prior to this, I had bought shares directly in my personal name and have accumulated 11,097,324 shares that way. I bought my first 5M for $0.01 back in October 2020 (they closed in April 2021 after significant delays associated with TSXV review of the Vidette option), then I bought 1,000 shares at $0.035 a few days before the AGM where the hostile takeover occured (to show that I was not in a black out) and then I bought +150,000 shares at $0.0367 in October 2021.

In December 2021, I converted $85,444 of debt to shares at $0.015 for 5,696,324 shares. These debts were created after the August 2021 takeover when I paid for various things out of my own pocket for the sake of preserving company cash. These payments were as follows: US BLM Claims Fees of $6,029.56 for Eastgate in September 2021, then US Lawyer $3,915.30 to set up JV for Eastgate, and $5,500 to start the LOI on the Rye Patch projects in November 2021. I also paid Andy Randell $10,000 for costs at Vidette and $60,000 for exploration advance to Robert Carrington for Eastgate and Rye Patch. I didn't get any "free shares" as part of the shares-for-debt transaction.

In April 2022, I bought $10,000 of stock in the market at 250,000 shares for $0.04.  And today I bought 1,000,000 shares at $0.02 for $20,000 

https://ceo.ca/api/sedi?insider=Bell%2C%20Peter%20Newton


That's a total of 12,096,324 shares for which I have paid $170,949.86. My average price is around $0.014.


Calculation table below:

  Shares Price Dollar value
2022-08 1,000,000 0.02 $20,000
2022-04 250,000 0.04 $10,000
2021-12 5,696,324 0.015 $85,445
2021-11 150,000 0.0367 $5,505
2021-04 5000000 0.01 $50,000
       
Total 12,096,324 -- 170949.86
       
  0.0826697433 0.02 $0.002
  0.02066743583 0.04 $0.001
  0.4709136429 0.015 $0.007
  0.0124004615 0.0367 $0.000
  0.4133487165 0.01 $0.004
       
Average 1   $0.014


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