15th Dec 2015 10:55
LONDON (Alliance News) - Gemstones miner Richland Resources Ltd on Tuesday said it was informed on Monday that Stockland Group Ltd, in which the family of Non-Executive Director Nicholas Sibley holds an interest, bought shares in the company on December 4 and on December 9.
Stockland bought 100,000 Richland shares on December 4 and 200,000 on December 9, all at 3.00 pence per share.
Sibley's beneficial interest in the company is now 14.2 million shares, or a 6.5% stake in the company.
Shares in Richland were up 6.5% to 3.195p on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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