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Tyranna Resources director supports gold strategy through off-market purchase

Joseph Pinto has acquired 6 million shares valued at $94,000 through an indirect interest.
Australian currency
The company has a busy exploration program planned for 2018 at its gold projects

Tyranna Resources Ltd (ASX:TYX) non-executive director Joseph Pinto has demonstrated his confidence in the company’s gold strategy by increasing his indirect interest.

Pinto has made an off-market purchase of 6 million shares for total consideration of $94,000.

The interest is held through Admark Investments Pty Ltd (The Pinto Family A/C), of which Pinto has a relevant interest.

Through the indirect interest, he now holds more than 50 million shares and 882,353 options exercisable at $0.04 on or before 6 October 2021.

Major supporter of Tyranna

Pinto has been a major shareholder and supporter of Tyranna for several years and is also the major shareholder of Orinoco Gold Ltd (ASX:OGX).

Orinoco is a company in which Tyranna, through its wholly-owned subsidiary Trafford Resources, was a cornerstone investor and remains a substantial shareholder.

READ: Tyranna Resources gets busy as it progresses gold strategy

Tyranna has gold interests in South Australia and Western Australia as well as interests in Orinoco Gold and the Eric Sprott-backed Kairos Minerals Ltd (ASX:KAI).

The company has set the scene for a busy 2018 work program across its gold portfolio while its investments are increasing in value.

READ: Tyranna Resources to benefit from appointment of mining executive Geoffrey Clifford

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