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European Lithium chairman Tony Sage increases shareholding further

Shares have been rising over the past week, up nearly 40% to $0.25.
pot plant with hedge trimmed in the shape of an upwards arrow
The unlisted options had a strike price of $0.05 and expired March 2020

European Lithium Ltd (ASX:EUR) has received a vote of confidence from its chairman, Tony Sage, who has further increased his shareholding in the company.

Sage exercised in-the-money options allowing him to acquire 366,667 shares for consideration of $18,333.

This increased his total shareholding to 6.34 million shares.

READ: European Lithium’s share price strengthens further on positive news flow

European Lithium is progressing a pre-feasibility study (PFS) for its Wolfsberg Lithium Project located in Austria.

A work schedule has been developed for completion of the PFS in the March quarter 2018.

READ: European Lithium schedules delivery of pre-feasibility study

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