Sign up Australia
Proactive Investors - Run By Investors For Investors

Fe Limited receives a vote of confidence as chairman buys on-market

Chairman of the board, Tony Sage, has increased his holding in the company to over 3 million shares.
Fe Limited receives a vote of confidence as chairman buys on-market
Shares in the company are currently trading at $0.026

Fe Limited (ASX:FEL) has had its chairman, renown resources industry veteran, Tony Sage, purchase shares in the company on market.

Sage purchased 1 million shares in total across a number of on-market trades that saw him boost his holdings in the company to over 3 million shares.

The 1 million shares were purchased for $27,000 resulting in an average purchase price of $0.027 per share.

During July, the company executed a binding term sheet with Cape Lambert Resources (ASX:CFE)  to acquire 100% of Cape Lambert’s rights and obligations to the Kasombo Copper-Cobalt Project located in the Democratic Republic of Congo.

The Kasombo Project is located amongst some of the world’s largest and highest grade copper and cobalt mines.

Fe Limited also has a number of free-carried interests in projects located within the Bryah Basin region of Western Australia.





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

Fe Limited Timeline

Newswire
July 12 2017
Newswire
December 14 2015
Newswire
September 28 2015

Related Articles

PureCircle---Field-of-crops.png
July 12 2017
Harvest Minerals is now completing tests on KPfértil and should secure full certification by the end of the year
Danakali-Paul-Donaldson-MD-presenting-Melb-Feb-2017.jpg
February 24 2017
Paul Donaldson discussed with investors the Tier 1 Colluli Potash Project.
barseele_master.png
January 14 2017
The firm owns 45% of the property, while joint venture partner Agnico Eagle has the rest (55%).

© 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