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Ironbark Zinc director makes further on-market share purchase

Almost 105 million shares are held in two indirect interests in which non-executive director Danny Segman has a beneficial interest.
Putting money in a piggy bank
The company aims to raise up to $1.5 million in a share purchase plan

Ironbark Zinc Limited’s (ASX:IBG) recently appointed director Danny Segman has further increased his holding in the company with an on-market transaction.

On July 10 the non-executive director acquired 200,000 shares and now holds almost 105 million shares in two indirect interests in which he has a beneficial interest.

READ: Ironbark Zinc's recently appointed board member buys $113,000 of stock

This follows the purchase last week of 7 million shares with a total value of $113,136.

Segman was appointed to the board in May and at the time held a substantial interest of 13.77% of the pre-development base metals company.

READ: Ironbark Zinc raising up to $1.5 million as it advances Citronen base metal project in Greenland

Ironbark’s flagship asset is the world-class Citronen base metals project in Greenland, which hosts one of the world’s largest zinc resources and remains open-ended to further mineralisation.

The company is working to secure finance to develop the project by pursuing long-term debt provided by major international banks, private equity financing and export credit agencies.

In this regard, it is working with several groups interested in forming part of the financing package with the possibility of additional streaming financing.

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