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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

ASX:KIN
Market: ASX
Market Cap: $33.69 m
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on 20/2/19

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