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King River Copper's chairman Anthony Barton increases indirect stake

Last updated: 02:30 23 Dec 2014 AEDT, First published: 03:30 23 Dec 2014 AEDT

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King River Copper's (ASX:KRC) non-executive chairman Anthony Barton has acquired 500,000 shares for $10,000 through an on-market purchase.

The new interest is indirect, and the average entry price was $0.02.

Earlier in the month the company completed the second round of its Phase 2 reverse circulation drilling program at its Speewah Dome Project in Western Australia.

A total of 28 holes totalling 1,470 metres were drilled, more than the planned 1,250 metres.

All samples are being dispatched to Perth for assay and drill data is being compiled. Results from the program will be released in early 2015.

Drilling was focussed on the Chapman-Catto-Greys corridor in the north-east sector of the Speewah Dome where better ground conditions suited the occasional showers.


Barton's interests

Barton now holds a Direct interest of 1,250,000 options.

Indirect interests under various names include:

- 6,500,000 ORDINARY SHARES, 2,200,001 OPTIONS
- 919,768 ORDINARY SHARES, 367,908 OPTIONS
- 7,060,000 ORDINARY SHARES, 3,424,001 OPTIONS
- 900,000 ORDINARY SHARES, 160,000 OPTIONS

 

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