Rox Resources Limited (ASX:RXL) non-executive chairman Stephen Dennis acquired 4 million fully paid ordinary shares at a value of more than $60,000.
The transaction brings his total indirect holding to 8.2 million fully paid shares and 6 million options, half exercisable at 2.6 cents November 2019 and the rest at 2.4 cents exercisable at 2020.
Rox recently took a new direction focused on gold after the appointment of Alex Passmore as managing director and chief executive officer.
The company is developing the Youanmi Gold Project in four jointly-held ventures with Rox Resources.
Rox can take its stake in the Youanmi mine venture to 70% with $2 million in exploration spending and a further $3 million in investment funds.