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Blackstone Minerals managing director buys shares

Notably, the shares were purchased at a premium to the recent placement price.

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In December, a new German substantial shareholder emerged

Blackstone Minerals Ltd’s (ASX:BSX) managing director Scott Williamson has acquired 186,434 shares valued at over $20,000.

Williamson purchased the shares through on-market trades at a price of 11 cents per share.

This increases his shareholding in the company to 286,434 shares.

READ: Blackstone Minerals raises $1.2 million for further exploration in Canada and Western Australia

Blackstone's primary focus is on cobalt in British Columbia, Canada, enhanced by copper, gold and nickel.

In mid-December 2018, Blackstone raised $1.2 million through a share placement of 12 million shares priced at 10 cents.

Funds will be used to further exploration at the BC Cobalt-Gold Project in Canada and the Silver Swan South Nickel-Gold Project in Western Australia.

READ: Blackstone Minerals attracts new German substantial shareholder with a 10.18% interest

In November 2018, Williamson spoke to Proactive Investors about Blackstone's Canada and Australian projects.

Quick facts: Blackstone Minerals Ltd

Price: 0.165 AUD

ASX:BSX
Market: ASX
Market Cap: $38.04 m
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