Ironbark Zinc Limited (ASX:IBG) director Danny Segman continues to build his major shareholding in the Greenland-focused base metals developer through on-market transactions.
On November 29 the non-executive director and major shareholder acquired a further 2.5 million shares with a value of $30,000 in an on-market trade through indirect interest Toronga Pty Ltd.
He now holds a total of 126.5 million shares with 65.5 million held in Toronga and 61 million in another indirect interest, Dulyne Pty Ltd.
Segman has made a series of on-market trades in Ironbark during the last few months as the company continues development preparations at the flagship Citronen Zinc-Lead Project in Greenland.
In October, Ironbark received commitments for a placement to sophisticated professional investors to raise $1 million at an issue price of 1.35 cents per share.
At the time managing director Michael Jardine said: “The company is delighted with the support received for the placement and welcomes a number of new institutional and sophisticated investors to the register who are supportive of our efforts to develop Ironbark’s flagship Citronen project.
“The company is engaging with a number of stakeholders who are aligned with our drive to increase the equity value in IBG, ultimately assisting in making the delivery of the Citronen project to market a reality.”