SHEARING RALPH EDWARD 4
4 · Discovery Gold Corp · Filed Oct 12, 2012
Insider Transaction Report
Form 4
SHEARING RALPH EDWARD
Director
Transactions
- Award
Common Stock
2012-10-09$0.14/sh+25,641$3,590→ 579,487 total(indirect: Through CMB Investments, Ltd.) - Award
Common Stock
2012-10-09$0.13/sh+53,846$7,000→ 553,846 total(indirect: Through CMB Investments, Ltd.)
Footnotes (3)
- [F1]On October 9, 2012, CMB Investments, Ltd. was issued 53,846 shares of common stock of Discovery Gold Corporation (the "Corporation") in exchange for the conversion of consulting fees of $7,000 for services provided to the Company by the Reporting Person at a conversion rate of $0.13 per share.
- [F2]On October 9, 2012, CMB Investments, Ltd. was issued 25,641 shares of common stock of the Company in exchange for the conversion of consulting fees of $3,500 for services provided to the Company by the Reporting Person at a conversion rate of $0.14 per share.
- [F3]The Reporting Person is the sole officer, director and shareholder of CMB Investments, Ltd. The Reporting Person's beneficial ownersip is based upon his 100% interest in CMB Investments, Ltd.