(MENAFN- ProactiveInvestors - Australia) Middle Island Resources (ASX:MDI) chairman Peter Thomas has bought 200,000 shares in the company in an on market transaction valued at A$24,000.
This works out to an average of $0.12 per share.
He now holds 3.2 million fully paid ordinary shares and 2 million unlisted options exercisable at $0.25 each expiring on 30 June 2015.
Middle Island recently concluded an agreement with AMI Resources (TSX: AMU) to earn a 70% interest in AMI's rights to three granted gold exploration permits and one permit application in Niger.
It also has the Reo project in Burkina Faso and 100% interest in five permits and a 75% in the sixth permit in Liberia.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.