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Meteoric Resources managing director buys 625,000 shares

The company is in the process of acquiring the Juruena and Novo Astro Gold Projects in Brazil.
man with briefcase running up ascending share price arrow
Shares in the company are trading at 1.2 cents, a premium to the recent SPP offer price

Meteoric Resources NL (ASX:MEI) managing director Dr Andrew Tunks has purchased 625,000 shares in the company.

The share purchase came as a result of participation in the recent share purchase plan (SPP) offering shares priced at 1 cent each and increases Dr Tunks’ holding to 903,000 shares.

READ: Meteoric Resources receives applications for $1.76 million in heavily oversubscribed SPP

On 16 April 2019, Meteoric closed its SPP oversubscribed with applications to subscribe for $1.76 million worth of shares.

The company recently executed a share sale agreement for the acquisition of the Jurena and Novo Astro gold projects in Brazil from Crusader Resources Ltd (ASX:CAS).

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