viewKin Mining NL

Kin Mining directors support gold strategy with on-market purchases

Directors Brian Dawes, Nicholas Anderson and Andrew Munckton have acquired shares in the company.

Kin Mining NL - Kin Mining directors support gold strategy with on-market purchases
Directors also participated in a recent rights issue

Kin Mining NL (ASX:KIN) directors continue to demonstrate their support for the company’s gold strategy focused on the Cardinia Gold Project in WA through on-market share purchases.

On November 29 non-executive director Brian Dawes purchased a further 285,000 shares at 3.9 cents each with a total value of more than $11,000.

He now holds more than 1.476 million shares in an indirect interest.

This acquisition came a few days after another on-market acquisition of 285,000 shares at 4 cents each.

MD buys shares

On November 27 managing director Andrew Munckton acquired 100,000 shares on-market at 3.8 cents each and now holds almost 159,000 shares in an indirect interest.

Non-executive director Nicholas Anderson has recently acquired almost 398,000 shares at an average price of 3.9 cents taking his overall holding to almost 650,000 shares in a direct interest.

Rights issue participation

The on-market transactions follow participation by directors in a recent rights issue at a price of 3.5 cents per share.

In the rights issue, Dawes acquired 100,707 shares, Anderson acquired 28,000, chairman Joe Graziano 755,469 and Munckton 6,450.

Shares in Kin, which has a market cap of approximately $22.8 million, have today traded from 3.9 to 4 cents.

Quick facts: Kin Mining NL

Price: 0.059 AUD

Market: ASX
Market Cap: $33.69 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Kin Mining NL named herein, including the promotion by the Company of Kin Mining NL in any Content on the Site, the Company receives from said...



Kin Mining MD updates on development of Cardinia gold project near Leonora

Kin Mining NL (ASX:KIN) managing director Andrew Munckton updates Proactive Investors on development of the Cardinia gold project, near Leonora in Western Australia. Results from 16 of 51 holes drilled at both the Lewis and Helens prospects have been released so far. Munckton says,...

on 20/2/19

2 min read