Sign up Australia
Proactive Investors - Run By Investors For Investors

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.





Register here to be notified of future OKU Company articles
View full OKU profile View Profile

Oklo Resources Ltd Timeline

Related Articles

silver-city-minerals_Drill-Rig-Razorback-West-Nov-2016-highres-757.jpg
November 04 2016
The company has a zinc and lithium focus in the world-class Broken Hill region.
Gold-plus-dollars.jpg
April 25 2017
The acquisition of the Hellyer mine looks set to be transformational for NQ Minerals
picture of electric car
June 19 2017
Finncap estimates the shares are worth 11p on a risked basis or more than double the current share price.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use