Lundin Buy-inZebra Holdings and Investments S..r.l., a 10% Holder, acquired 7,109,562 Common Shares on a direct ownership basis at a price of $0.600 through a prospectus or prospectus exempt offering on February 19th, 2016. The insider also disposed of 1,552,500 Common Shares on a direct ownership basis at a price of $0.600 through a private transaction on February 17th, 2016. This represents a $3,334,237 net investment into the company's shares and an account share holdings change of 34.3%.
Lorito Holdings S..r.l., a 10% Holder, acquired 2,973,771 Common Shares on a direct ownership basis at a price of $0.600 through a prospectus or prospectus exempt offering on February 19th, 2016. This represents a $1,784,263 investment into the company's shares and an account share holdings change of 19.8%.
The two insiders are companies controlled by a trust settled by the late Adolf H. Lundin.
NGEx Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
NGEx Resources Inc. (NGEx) is a Canada-based company, which is engaged in the acquisition, exploration and development of precious and base metal properties. The Company has a portfolio of exploration stage copper-gold projects in Chile, Argentina and Canada. The Company's projects are the Los Helados, which is a copper-gold porphyry deposit located approximately 125 kilometers southeast of the city of Copiapo in Region III of Chile and is subject to a Joint Exploration Agreement with Pan Pacific Copper Co., Ltd. (PPC); Josemaria Project, which is a copper/gold porphyry project located approximately 11 kilometers southeast of Los Helados in San Juan Province, Argentina and is subject to a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation, and Filo del Sol Property, which is an exploration project located approximately 17 kilometers south of Los Helados in San Juan Province, Argentina, which has a total of approximately 8,208 meters of drilling in 23 holes.