West Wits Mining Limited (ASX:WWI) has issued shares and options to three of its four board members.
Michael Quinert, chairman, and non-executive directors Vincent Savage and Hulme Scholes paid a total of $125,000 for their new stock.
Notably, the share purchases increased Quinert's total holding to 18.7 million shares and Savage's holding to 14.1 million shares.
Unlisted options also issued
Quinert was also issued 12 million unlisted options and Savage was issued 5 million unlisted options.
West Wits Mining is advancing its conglomerate gold exploration and production strategy encompassing projects in South Africa and Western Australia.
It has recently completed the acquisition of three mining leases within the Tambina conglomerate hosted gold project in the Pilbara region of Western Australia.
In South Africa, West Wits is planning to secure mining rights across the whole Witwatersrand Basin Project to substantially scale up gold production of circa 1,000 ounces per month.