Pierre Lassonde announced Tuesday that he has recently purchased 2,000,000 common shares of Prime Mining (TSXV-PRYM) through the facilities of the TSX Venture Exchange.
Prime is advancing its Los Reyes project, 43 kilometers southeast of the mining center of Cosala, Sinaloa. Prime said that Los Reyes was on track to become a heap leach mine in 1998 when gold prices dropped and the project was mothballed.
As a result of this recent purchase, Lassonde now directly owns 143,000 common shares, indirectly owns 7,000,000 common shares and 3,000,000 warrants of the Company. Lassonde’s direct and indirect shareholdings represent approximately 11.85% of the current issued and outstanding common shares of the company.
Lassonde is co-founder of Franco-Nevada, the royalties, and streaming company.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.