Sign up Australia
Proactive Investors - Run By Investors For Investors

Oklo Resources collects $125,000 as CEO exercises options

The company is well-funded, recently completing a $15 million share placement.
Simon Taylor, managing director and CEO of Oklo Resources Ltd
Simon Taylor, managing director and CEO of Oklo Resources Ltd

Oklo Resources Ltd (ASX:OKU) has raised an additional $125,000 in funding from its managing director and CEO Simon Taylor as a result of him exercising one million options.

This increased Taylor’s holding in Oklo to over 5.2 million shares.

During March this year, Oklo received another vote of confidence in its Mali gold assets as Taylor formalised his commitment to the company.

Taylor has been heavily involved in the development of the company’s assets since his March 2015 appointment and his new executive services agreement ensures his future with Oklo.

READ: Oklo Resources completes agreement to acquire Mali gold project

Most recently, Oklo completed an agreement to acquire 100% of the Kandiole Sud Project in west Mali.

Kandiole is 5 kilometres from Oklo’s flagship Dandoko Project where the company aims to discover a multi-million-ounce gold deposit.

The new Kandiole project comprises a single granted permit covering 116 square kilometres.

Oklo planned to commence work on the project immediately, with data compilation and planning of auger geochemical drilling in progress.

View full OKU profile View Profile

Oklo Resources Ltd Timeline

Related Articles

Parkway German map
March 06 2018
The company has a 26% interest in highly-rated German potash assets, 7.3 million Lithium Australia NL (ASX:LIT) shares and $2 million in cash.
Golden Arrow Resources continuing towards production in Argentina
October 04 2017
In May, the group formed a joint venture, which combines the Chinchillas project with Silver Standard's producing Pirquitas operation in Argentina
miners
February 06 2018
Coro Mining is on the move in Chile, with feasibility work nearing completion and new ground to work on

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

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