logo-loader

PNX Metals' board of directors participate in non-renounceable rights issue

Last updated: 17:19 22 May 2019 AEST, First published: 03:19 22 May 2019 AEST

1558509776_shutterstock_453614023
The company is completing a DFS at its Hayes Creek Project in the NT

PNX Metals Ltd’s (ASX:PNX) board of directors have shown faith in the company with Graham Ascough, Paul Dowd, Peter Watson and David Hillier acquiring fully paid ordinary shares in a non-renounceable rights issue.

The non-renounceable rights issue was announced in April to raise $5.48 million towards its Hayes Creek Zinc-Gold-Silver Project, including completion of the definitive feasibility study and ongoing assessment of the high-grade Fountain Head Gold Project.

READ: PNXs’ German substantial shareholder Delphi increases stake to 40.6%

PNX chairman Graham Ascough acquired 4,149,951 shares worth $24,899.71 and now holds more than 11.06 million shares in indirect interests.

PNX non-executive director Paul Dowd purchased 8,007,990 shares worth more than $48,000 and now holds more than 21.85 million shares in indirect and indirect interests.

PNX non-executive director Peter Watson purchased 6,11,484 shares and now holds more than 16.31 million shares in direct and indirect interests.

READ: PNX Metals completes rights issue to progress Hayes Creek Zinc-Gold-Silver Project

PNX non-executive director David Hillier acquired 3,946,430 shares worth more than $23,670 increasing his securities to 10,500,001 fully paid shares in indirect interests.

Poseidon Nickel signs binding agreement with Mineral Resources to divest...

Departing Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) CEO Craig Jones and incoming CEO Brendan Shalders join Proactive’s Jonathan Jackson to discuss the divestment of Lake Johnston to Mineral Resources Ltd (ASX:MIN). Jones, who has played a pivotal role in this strategic move, shared insights on...

1 hour, 19 minutes ago