(MENAFN - ProactiveInvestors - Australia) Greenland Minerals and Energy's (ASX: GGG) managing director Roderick McIllree continues to increase his shareholding on-market with the purchase of a further 200,000 shares.
McIllree acquired the shares for a total consideration of A59,000, providing an average entry price of 0.295.
He now holds nearly 12 million shares, 2.8 million performance options in three tranches and 2.7 million performance rights, also in three tranches.
Greenland Minerals and Energy is focused on securing 100% ownership of the Kvanefjeld multi-element project in Greenland.
Demonstrating the strong support for the company and the Kvanefjeld project, Greenland recently closed a 15 million capital raising oversubscribed to fund the move to full ownership.
The capital raising follows major advances in the development of the company's core asset.
Greenland Minerals and Energy continues to optimise the Kvanefjeld project, which is recognised as one of the world's largest resources of heavy and light rare earth elements and uranium.