Shares of this Junior Miner are Up Pre Market
Shares of this dual-listed junior miner were racing ahead pre-market after insider purchases were announced. Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) is a Canadian mineral exploration and development company focused on advancing its 100%-owned, high-grade, open-pitable flagship Clarence Stream gold project in SW New Brunswick. Clarance Stream is an emerging gold district with an exploration strike length of approximately 65 km and widths of up to 28 kms in certain areas. The firm also has a 100%-ownership in the Estrades project, a former producing high-grade, gold-rich polymetallic VMS mine in the northern Abitibi of western Quebec.
The company announced in a press release today an update on recent insider purchases through a series of transactions conducted through the facilities of the TSX Venture Exchange. Robert Hinchcliffe, President, CEO, and Director, acquired an aggregate of 1,664,000 common shares in the current calendar year, bringing his total to 6,720,746, representing approximately 9% of the issued and outstanding shares. Galway also announced that it has awarded approximately 2 million incentive stock options exercisable at C$0.35 per common share and expiring on December 12, 2028, to employees, officers, and directors of the Company. This grant of options is in compliance with terms of the Company's Stock Option Plan and remains subject to acceptance by the TSX Venture Exchange.
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