Samuel Esson Jonah, a director of Avanti Gold Corp., bought 4,000,000 shares at an average of $0.50 through a private placement, a $2.0M purchase filed on SEDI.
What the filing shows
Samuel Esson Jonah, a director of Avanti Gold Corp. (CSE:AGC), bought 4,000,000 Common Shares through a private placement at an average price of $0.50, a $2.0M purchase, according to a filing on SEDI. The shares were acquired on Sep 22, 2026, and the trade was disclosed on Sep 23, 2026, within the five-calendar-day window that insiders of Canadian public companies generally have to report trades in their company's securities.
The filing recorded the purchase in a directly held account. The balance in that account rose from 2,492,857 shares before the trade to 6,492,857 shares afterward, an increase of 4,000,000 shares, or about 160%. At the Sep 23, 2026 close, the shares in that account were worth about $2.9M.
That figure covers only the one account in which the trade was made. It is not a measure of Jonah's total holding in Avanti Gold Corp., which may include shares held in other ways or through other entities that are reported separately or not shown in this filing.
Samuel Esson Jonah's trading at Avanti Gold Corp.
The 4,000,000-share purchase on Sep 22, 2026, was the only trade recorded in this filing. All of the shares were bought at the same average price of $0.50, for a total of $2.0M.
According to SEDI, Jonah had no other filings reporting purchases or sales at Avanti Gold Corp. in the past 12 months. This filing therefore stands as the director's only disclosed insider trading activity in the company's securities over that period.
Other insider activity at Avanti Gold Corp.
Jonah was not the only insider trading in the company's shares around this date. Four other insiders at Avanti Gold Corp. also bought shares in the seven days to Sep 23, 2026, according to SEDI.
No other insiders at the company sold shares over that same period, according to the filings. The fact sheet does not specify the size or price of those other insiders' purchases.
Share price context
Avanti Gold Corp. closed at $0.45 on Sep 23, 2026, the day the purchase was disclosed. The stock was down 22% over the prior three months.
In the 52 weeks to that date, the shares closed in a range between $0.40 and $1.00, and the Sep 23, 2026 close was 55% below the high end of that range.
The average purchase price of $0.50 reported in the filing was 14% above the stock's close on Sep 22, 2026, the date the shares were acquired.
