Geomega Resources Inc V.GMA

Alternate Symbol(s): GOMRF

Metals & Mining Industrial Metals & Minerals

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste in an environmentally sustainable way. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. The two most advanced projects for the Company are the rare earth magnet recycling and bauxite residue processing and vaporization. It also owns the Montviel rare earth carbonatite deposit.

TSXV:GMA - Post by User

Geomega Resources Inc

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Post by Mouloukon May 12, 2015 12:44pm

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Post# 23719689

TSFA transfer

By the way, there is an insider that transferred about 43k shares of GMA in a TSFA.

For those who do not know the purpose of the TSFA, it's a tax free saving account. You are not taxed on gains that you make in this account (limit of 5 500 k per year and will go up next year.)

The insider transfered it at $0.23.

This transfer means that Mr. Talbot thinks that he will reap capital gain, otherwise, you do not do it (as I understand that there is no capital loss in a TSFA).

This is a small, but at least a nice signal from the BOD. A bit of confidence is appreciated!

Please see the website SEDI for more information on insider transaction.

Moulouk

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