08:34 AM EST, 01/20/2025 (MT Newswires) -- Solstice Gold ( SGCPF ) on Monday said board directors Michael Gentile and Blair Schulz acquired common shares, pushing board ownership of the company to almost 39%.

Gentile increased his stake to 16.8% via an open market share purchase to become the company's largest shareholder.

"I decided to increase my holdings in Solstice in part because the recently acquired Strathy Gold Project is an especially exciting land package in the Abitibi Subprovince, where recent IP results show that anomalies have large scale potential in undrilled areas that are structurally linked to significant gold intercepts," said Gentile. "This is a rarity in the Abitibi and presents the opportunity for significant discovery."

Schultz raised his stake to 13% from 7.7% by acquiring 11 million shares at $0.01 per share for a total of $110,000.