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Thundelarra director Rick Crabb buys 1 million shares on-market

Rick Crabb to be appointed as the new chairman of Thundelarra at the annual general meeting to be held on February 28, 2019.
ASX boards
The company has changed its focus from exploration to development

Thundelarra Ltd (ASX:THX) director Rick Crabb has indirectly purchased 1 million ordinary shares through on-market trades for a total consideration of $13,143.

READ: Thundelarra changes focus from exploration to development; outlines management changes

Following the acquisition of the Abbotts Gold project and the completion of an independent review of its assets, Thundelarra has decided to change the near-term focus of its growth strategy from exploration for a large resource to one of low-cost development and cash flow from its recently expanded tenements on the Garden Gully and Abbotts greenstone belt.

New chairman

Philip G Crabb will step down as chairman of Thundelarra at the close of its upcoming annual general meeting to be held on February 28, 2019 but will remain as a non-executive director.

Rick Crabb will be appointed as the new chairman of the company.

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