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Bullboard - Stock Discussion Forum MANADO GOLD CORP V.MDO

Manado Gold Corp is a Canada based company. It is involved in acquisition, exploration, and development of mineral properties located in Canada. Manado Gold's properties consist of Clisbako properties. The company has one business segment that is Acquisition and Exploration of Resources.

TSXV:MDO - Post Discussion

MANADO GOLD CORP > Investor buys another 500k shares!!
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Post by askretka on Jun 11, 2021 8:36pm

Investor buys another 500k shares!!

Mr. Douglas Anderson reports EARLY WARNING PRESS RELEASE REGARDING ACQUISITION OF SHARES OF INSURAGUEST TECHNOLOGIES INC. Douglas K. Anderson has purchased 500,000 common shares of Insuraguest Technologies Inc. on June 10, 2021. Before the purchase, the acquiror held 6,685,336 common shares, 116,667 share purchase options and 11,014,219 share purchase warrants. Assuming exercise of the options and warrants held, the acquirer was the beneficial holder of 17,816,222 common shares of the reporting issuer holding approximately 28.23 per cent of the reporting issuer's issued and outstanding shares. The acquiror acquired the common shares under a share transfer agreement dated April 22, 2021, at a price of 10 U.S. cents (approximately 13 Canadian cents) per unit of the reporting issuer, for a total consideration of $50,000 (U.S.) (approximately $65,000 (Canadian)). The shares are held in escrow by the reporting issuer's transfer agent Endeavor Trust Corp. As a result of the share purchase, the acquiror becomes the beneficial owner of 7,185,336 common shares, 116,667 share purchase options and 11,014,219 share purchase warrants. Assuming exercise of all options and warrants held by the acquiror, the acquiror owns or has control or direction over 18,316,222 common shares of the reporting issuer, which is 29.02 per cent of the common shares issued and outstanding. The acquiror acquired the common shares for investment purposes. CHEERS !!!
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