Gold Express Mines, Inc. sold MAGE
August 26, 2025 · Form 4 insider transaction
Gold Express Mines, Inc. sold 1,000,000 shares of Magellan Copper and Gold Corp. at $0.01 per share, a transaction worth $10.0K. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 38 days after the transaction.
Footnotes
John P. Ryan, Howard Crosby, James Czirr and Terrence Dunne are the four directors of the Reporting Person. Any action by the Reporting Person, including voting and dispositive decisions, requires a vote of three out of the four directors of the board of directors. Under the so-called "rule of three", because voting and dispositive decisions are made by three out of four directors of the board of directors, none of the directors is deemed to be a beneficial owner of shares held by the Reporting Person, even those in which he or she directly holds a pecuniary interest.