26th Jul 2016 15:31
LONDON (Alliance News) - Greatland Gold PLC said Non-Executive Director Paul Johnson bought 2.5 million shares at 0.255 pence each on Tuesday.
Following the purchase, Johnson, together with his spouse, holds 92.5 million shares, equal to a 6.23% stake in the miner.
Additionally, Chairman Andrew Bell sold 2.5 million shares at 0.245p each and subsequently purchased 2.52 million shares into his pension fund at a price of 0.257p each.
Bell's beneficial interest is now 37.4 million shares, representing 2.52% of the current issued share capital.
Greatland Gold on Tuesday said drilling work has started on the Bromus nickel-sulphide project in Western Australia. Greatland said its field operations team has started the drilling work, which will target four well-defined bedrock conductors on the site identified by the survey electromagnetic survey conducted last year.
The stock was down3.6% at 0.255p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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