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Oklo Resources chairman Michael Fotios snaps up 1,000,000 options on-market

Oklo remains well-funded with over $7 million in cash.
Oklo Resources chairman Michael Fotios snaps up 1,000,000 options on-market
Consideration for the trade was $97,500

Oklo Resources (ASX:OKU) non-executive chairman, Michael Fotios, has further leveraged his indirect position in the company with the on-market purchase of 1 million options.

The option series is ASX:OKUO, exercisable at $0.125 with an expiry date of 30 June 2017.

Fotios total indirect interest includes 4.2 million shares across two holdings, 1 million unlisted options, and the newly acquired listed options.

Oklo is well-funded with over $7 million in cash which supports its aggressive gold drilling program in Mali.

The company is focused on the Dandoko project, with drilling highlights from the Diabarou prospect including: 29 metres at 10.42g/t gold; and 6 metres at 53.77g/t gold.

The project is located in a region which hosts multi-million ounce mines.

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