RE:RE:Goldcorp Insider Purchasewilliam,
This is old news, link below.
https://www.marketwired.com/press-release/sirios-completes-capital-raise-of-ca27-m-tsx-venture-soi-2185181.htm
Before this NR, G has almost 20% of SOI (deemed as insider where they has an insider sitting in the BoD or not) if the wts are exercised.
In this NR, quite a few wts were exercised (as expected if they are in the money) but SOI did not give out the specifics (who exercised and how many for each entity). There is a separate item wrt to G (which presumably you were referring to in your post) where G bought ~ 2.8M units (1 share +1/2 wt) for $0.62M. This represent roughly 2.5% OS (plus another1.25% if all wts are exercised). With this latest situation, it looks like G has already gone passed the 20% threshold (creeping TO level rules apply).
This is just my guess. Surely SOI and G would have the correct number.
Some nagging questions:
- Why G wanted to exceed 20%? Or, it simply does not care if the 20% is exeeded or not.
- Will G negotiate to have a director (or 2) to sit in SOI BoD, just to keep an eye on things, after all G has ~20% of SOI (One example near by: ICG with only ~5% of ER, but it has 2 directors in the ER BoD and 2 Technical Advisors on the Tech Committee,...and that makes ICG an insider with less than 10% holding).
GH