Anson Resources Ltd (ASX:ASN) chairman and CEO Bruce Richardson and non-executive director Peter (Greg) Knox have both subscribed for the maximum shares allowed under Anson’s share purchase plan (SPP).
The SPP closed after receiving applications for $608,700 worth of shares. Richardson and Knox have both subscribed for 250,000 shares each at 6 cents per share.
The company recently secured a $15 million equity facility with an energy and resources focussed investment company, Long State Investment Limited.
Funds from this facility may be used for the lithium carbonate production work and for the pre-feasibility study Anson plans to undertake in early 2020.
The company noted that it intends to use the facility as part of the funding for the pilot plant work at Paradox Brine Project in the US State of Utah.