Gran Colombia Gold Corp. (TSX: T.GCM, Stock Forum) said Thursday its Executive Co-Chairman Serafino Iacono bought 540,500 common shares of the company between August 29 and September 12, 2012 at an average price of 33 cents per share in the open market.
As of September 13, Iacono holds 13.7 million shares of the company, representing 3.6% of the issued and outstanding shares.
In addition, director Augusto Lopez bought 586,500 common shares on September 12, 2012 for an average of 34.8 cents in the open market. As a result, Lopez now holds over one million shares of the company or 0.28%, the company said in a press release.
On Thursday, Gran Colombia shares rose 1.4% to 35.5 cents, leaving the company with a market cap of 135.6 million or 381.9 million shares outstanding. The 52-week range is 77 cents and 28 cents.