Australia

King River Resources directors show support for company through SPP participation

King River Resources Ltd (ASX:KRR) directors have demonstrated their confidence in the companys exploration strategy by participating in the company's recent $7.86 million share purchase plan (SPP).

The SPP has allowed eligible shareholders to subscribe for new shares at $0.033 each, with one new free attaching option for every two SPP shares issued.

Funds raised will be used to bring forward the gold exploration programs at the Mt Remarkable and Tennant Creek projects.

Change of directors interests


Chairman Anthony Barton acquired more than 4.545 million shares spread across various indirect interests at 3.3 cents per share on August 19.

This increases the total number of securities held in four indirect interests to more than 104.66 million

Director Leonid Charuckyj acquired 1.8 million shares across a direct and an indirect interest, incrRead More – Source