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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.

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