We surely do know that pally pal Serafino Iacono loves to tell the world when he buys stock in Gran Colombia Gold (GCM.to). IKN noted as much in this post back in April
, in which we went into detail about just how much money he’s
flushed down this equity toilet
sagely invested in GCM equities at various prices, though some a teeny weeny tad higher. We also saw him get his flunkeys to tell the world in May
when he bought another 260k of GCM.to.
So with the filings yesterday that note he’s purchased another 1.077m shares of GCM.to
at prices between 33c and 35c these last few days, we get to look forward to Serafino telling us poverty stricken mortals how he’s
spending his cash this time, too. So look out for that GCM.to NR.
UPDATE just 45 minutes later: Damn, right on time!
TORONTO , June 12, 2012 /CNW/ – Gran Colombia Gold Corp. (GCM.TO)
announced today that its Executive Co-Chairman, Serafino Iacono, has
purchased an aggregate of 1,000,000 common shares of the Company
between June 8 and June 11, 2012 at an average price CDN$0.336 per
share, on the open market. As at today’s date, Mr. Iacono holds
9,681,416 shares of the Company (representing 2.53% of the issued and
outstanding shares). Mr. Iacono also purchased 100,000 units of the
Company’s Silver Linked Notes (GCM-NTU.TO) at an average price of
US$77.00 per unit.
Mr. Iacono commented, “My latest investment in continues here