RE:Newsbigcomeback wrote: With the closing of the second tranche this should hopefully lead to some great news releases. Noticed that when insiders invest they have to attest to the fact they have no knowledge of any pending material news that has not been disseminated. With this second tranche they didnt invest. I bet this is because they have knowledge of pending material news. Just a guess
Both the 11.5 cent and the 13 cent offering second tranche closing was announced.
In their Material Change announcement yesterday this data was included:
Andrew Skafel, President and CEO of the Company, acquired 720,000 Units in this closing of the Offering. This acquisition increased Mr. Skafel’s ownership of common shares of the Company from 0.89% to 1.23% (an increase of 0.34%).
Brian Imrie, director of the Company, acquired 730,000 Units in this closing of the Offering. This acquisition increased Mr. Imrie’s ownership of common shares of the Company from 0.77% to 1.13% (an increase of 0.36%) I believe this was related to the 13 cent offering but I could be wrong. Not sure which one you are referencing.