4th Feb 2020 17:59
(Alliance News) - Ironveld PLC on Tuesday said Non-Executive Director Nick Harrison bought 2.8 million shares at an average price of 0.74 pence per share.
Shares in Ironveld closed down 1.3% at 0.76p in London on Tuesday.
The GBP20,720 transaction took place on Monday, after which Harrison's revised beneficial interest was 17.2 million shares, equivalent to a 2.6% stake.
Also on Monday, the miner said it had inked definitive agreements to raise around GBP260,000 via short-term loan facilities.
The unsecured loan facilities have been arranged between vanadium project developer Ironveld and "a consortium of high net worth investors and existing shareholders".
Ironveld intends to use the loan "for working capital purposes" as it seeks funding for its South African high-purity iron powder, titanium, and vanadium project.
By Anna Farley; [email protected]
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