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U.S. Gold CEO buys 4 million shares for $8 million, has 16.2% stake
By Lisa Kerner
Charlotte, N.C., May 27 - U.S. Gold Corp. chairman and chief executive officer Robert Ross McEwen bought 4 million shares of the company's stock using personal funds through 2190303 Ontario Inc. in the company's May 19 public offer, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.
The shares were priced at $2 each, the filing said.
McEwen beneficially owns 16,650,800 shares, or 16.2%, of the Toronto-based gold exploration company.
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