Post by Ochterloneyon Jul 16, 2022 11:39am
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Post# 34829009
From Sedar filing MD&A shares issued
From Sedar filing MD&A shares issuedHere is an example of an actual share transaction for insiders in August 2021. These shares were followed by a stock split of 2 new for each old share and thus the price is reduced to 0.01 cents per share. Plus the additionof the five year warrants also reduces their original cost. Even at 0.08 cents t hey can get 8 times their money back in less than a year. and they say there is no money in Junior stocks (for the retail investor that is). and you wonder why the little guy gets discouraged.
the info in sedar:
On August 23, 2021, the Company announced a private placement of 76,375,000 units (the “Units”) at a price of $0.02 per Unit for gross proceeds of $1,527,500 (the “Private Placement”). Each Unit will be comprised of one common share in the capital of the Company and one share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share at a price of $0.10 for a period of five years from the date of issuance. The Units will be subject to a four-month and one day hold period from the date of