VUL .045 looks interesting ... over 4 million cash... CEO buying shares...2014-02-05 12:43 MT - News ReleaseVULCAN MINERALS INC. EARLY WARNING REPORT
Vulcan Minerals Inc.'s chief executive officer and president, Patrick Laracy, acquired ownership of 600,000 common shares of the company by way of market purchases made through the TSX Venture Exchange on Feb. 4. He now controls directly and indirectly 6,447,584 common shares of the company.
The acquisition amounts to 1.1 per cent of the 58,526,129 outstanding common shares of the company. As a result, Mr. Laracy now owns directly 5,991,600 common shares, which represent 10.3 per cent of the issued and outstanding common shares of the company. Further, Mr. Laracy now owns issued and outstanding common shares of the company.
Mr. Laracy made the acquisition for investment purposes and may make further acquisitions or depositions in the future.
This news release is issued pursuant to National Instrument 62-103.
From BMR bullmarketrun.com
Vulcan Minerals Inc. (VUL, TSX-V)
A company we haven’t mentioned previously that certainly appears worthy of our readers’ due diligence is Vulcan Minerals Inc. (VUL, TSX-V) which has seen an uptick in trading volume in recent weeks…the company is in a healthy financial position with its current market cap of $2.6 million considerably below its cash assets of $3.6 million – the company has no debt and 58.5 million shares outstanding…
Yesterday, the company provided an update on its Athabasca area uranium permits – a 100% interest in 10 metallic and industrial mineral permits covering over 200,000 acres in northeastern Alberta along the Saskatchewan border, approximately 50 kilometres east of Fort McMurray…the company is also completing compilation and evaluation reports on its TL Ni-Cu-PGE Property in Labrador, and is also reviewing potential property acquisitions…
Technically, what has caught our attention with VUL is the fact that it is very close to breaking out above a long-term downtrend line as shown in this 5-year weekly chart (VUL closed yesterday at 4.5 cents)…weak buy pressure has now replaced intense sell pressure which has been dominant for most of the past two years…
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