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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.

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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).

Quick facts: Meteoric Resources NL

Price: 0.063 AUD

ASX:MEI
Market: ASX
Market Cap: $62.16 m
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Meteoric Resources hits more bonanza-grade gold at Juruena project in Brazil

Meteoric Resources NL (ASX:MEI) managing director Andrew Tunks updates Proactive on more "thrilling" bonanza-grade drill results from the Juruena Gold Project in Brazil, following similar earlier results from the maiden drill program. Latest assays have returned up to 14 metres at 81.7 g/t...

1 day, 19 hours ago

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