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Oklo Resources chairman Michael Fotios snaps up shares on-market

The company is well-funded with $8.2 million in cash.

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Michael Fotios increased his stake

Oklo Resources (ASX:OKU) non-executive chairman, Michael Fotios, has increased his stake in the company through an on-market purchase.

Fotios increased his indirect stake with the purchase of 200,000 shares for a consideration of $27,000.

Through several investments, Fotios holds 4.2 million Oklo shares and 1 million unlisted options.

Oklo is focused on gold exploration in Mali, in a region which hosts multi-million ounce deposits.

News flow is set to increase as the 47,000 metre drilling program comes to a close.

Quick facts: Oklo Resources Ltd

Price: 0.275 AUD

ASX:OKU
Market: ASX
Market Cap: $138.48 m
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on 27/8/20

2 min read