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Bullboard - Stock Discussion Forum Meryllion Resources Corporation C.MYR

Alternate Symbol(s):  MYRLF

Meryllion Resources Corporation is a Canada-based exploration company. The Company is focused its Ionic Adsorption Clay (IAC) hosted Rare Earth Elements (REE) project in Tasmania. The Tasmania REE Projects are hosted in highly sought rare earth-rich ionic adsorption clay hosted deposits comprising Jurassic dolerites and basalts and provide upside potential for economic rare earth magnet metals.... see more

CSE:MYR - Post Discussion

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Post by Skyman on Mar 19, 2021 8:25am

Insider Buying

After the financing this week, two insiders have increased their ownership to 22.17% of this shell company according to statutory filings on Sedar:

David Steinepreis, London, England 
Jeremy Edelman, Claremont, Western Australia
Together they own almost half of the outstanding shares.

The last nuance of debt has been cleared from the balance sheet through the issuance of shares.
The stage is being set for an RTO or Special Acquisition.
Comment by Skyman on Jan 22, 2024 1:15pm
These two insiders are still pouring money into this penny stock. After the latest financing, they own 13.8 million shares, representing 36.5% of the total outstanding. If this Rare Earth Element project takes flight, they also own millions of warrants exercisable at 7 cents, which will bring their combined total to 43.77% and put more money in the treasury. It looks like this play is finally ...more  
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