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Automatic Securities Disposition Plan Established by Amerigo's President and CEO

By The Northwire Desk — AI Analysis May 06, 2026 · 07:31 ARG · 5.95 Amerigo Resources Ltd.
ARG · Price

Executive Summary

  • Amerigo Resources Ltd. President and CEO, Aurora Davidson, has established an Automatic Securities Disposition Plan (ASDP) for personal financial planning purposes.
  • The plan allows for the orderly sale of up to 1 million common shares over a 12-month period.
  • The company's Board of Directors has approved the ASDP and corresponding amendments to the Company's Insider Trading Policy.

Key Details

  • Total Shares under Plan: Up to 1,000,000 Common Shares (representing approximately 0.62% of total issued and outstanding shares).
  • Impact on CEO Holdings: Represents approximately 44.63% of Ms. Davidson's current holdings in the Company.
  • Monthly Disposition Limit: Capped at an aggregate of 135,000 Common Shares per month (less than 1% of the 90-day average daily trading volume).
  • Price Floor: All sale prices must be higher than 85% of the 30-day volume-weighted average price (VWAP) prior to the adoption of the ASDP.
  • Commencement Date: Sales will begin on the second trading day following the filing of interim financial statements for the quarter ending June 30, 2026.
Read the original news release →

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