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 |