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Arrow Minerals Ltd

Arrow Minerals’ managing director buys shares on-market

Notably, this is the second acquisition of shares from the managing director in recent weeks.

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The company finished the September quarter with a healthy $5 million cash, receivables and investments

Arrow Minerals Ltd (ASX:AMD) has had its managing director Steven Michael acquire 350,000 shares in the company via on-market trades.

Michael made the purchases in his super fund and increased his total holding in the company to over 4.93 million shares.

This is Michael’s second purchase of company shares recently as he bought 500,000 shares on-market in mid-October.

READ: Arrow Minerals managing director increases stake amid Strickland drilling campaign

Arrow has been busy over recent months drilling at its Strickland Gold Project, with multiple gold-in-bedrock anomalies defined.

A total of 625 aircore holes for 8,793 metres (average hole depth 14 metres) were completed over the T1a, T1b, T2a, T2b and T2c prospects

Further drilling at T2c and first pass drilling at T2d is expected to commence in the current December quarter.

Quick facts: Arrow Minerals Ltd

Price: $0.01

Market: ASX
Market Cap: $8.44 m
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