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Blackstone Minerals managing director boosts shareholding further

This is the second on-market share purchase from the MD in 2019.

empty board room seats
Notably, shares were purchased at a premium to the last price of 10.5 cents

Blackstone Minerals Ltd (ASX:BSX) managing director Scott Williamson has increased his indirect shareholding in the company by 213,566 shares worth $23,492.

The shares were purchased at an average price of 11 cents through on-market trades and this takes Williamson’s overall holding to 500,000 shares.

Williamson is a mining engineer with over 10 years experience in technical and corporate roles in the mining and finance sectors.

READ: Blackstone Minerals managing director buys shares

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.

Quick facts: Blackstone Minerals Ltd

Price: 0.145 AUD

ASX:BSX
Market: ASX
Market Cap: $27.69 m
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