Lembit Janes bets big on Spanish Mountain Gold
Lembit Janes, a director at Spanish Mountain Gold Ltd., purchased over 2.2 million shares in the company, reinforcing his position as the largest beneficial insider shareholder with 87.9 million shares. Spanish Mountain Gold, ranked as INK’s top gold stock in April, is advancing its gold project in central British Columbia. The company recently entered a royalty agreement with Wheaton Precious Metals, coinciding with increased insider buying and positive price momentum.
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Open this photo in gallery:stockShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountSpanish Mountain Gold Ltd. (SPA-X) was INK’s top-ranked gold stock in April thanks to insider buying and improving price momentum over the past six months. The buying was led by director Lembit Janes, who acquired 2,267,500 common shares in the public market at an average price of $0.19. Mr. Janes is the largest beneficial insider equity holder at the company with 87.9 million shares. The company is working on its Spanish Mountain Gold project in central B.C. and last week it announced a royalty agreement with Wheaton Precious Metals.Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors.
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