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Ironbark Zinc director Danny Segman acquires shares on-market worth more than $30,000

The purchases increase Dulyne Pty Ltd's holding in IBG to more than 64.5 million shares. Segman has an indirect interest in IBG through Dulyne.

Ironbark Zinc Ltd - Ironbark Zinc director Danny Segman acquires shares worth $30,000
Major shareholder Danny Segman has made a series of on-market purchases

Ironbark Zinc Ltd (ASX:IBG) non-executive director and major shareholder Danny Segman continues to demonstrate his faith in the company through on-market purchases.

On January 7 and 9 Segman’s indirect interest Dulyne Pty Ltd acquired 2,517,344 fully paid ordinary shares with a total value exceeding $30,000 and increasing the holding to 64,512,528 shares.

This move follows on-market purchases on January 2 and 3 where 87,001 shares were acquired.

Another indirect interest associated with Segman, Toronga Pty Ltd, holds 65.5 million securities.

Relinquishment of Greenland exploration licences

On December 31 Dulyne also purchased 908,183 shares at a value of more than $11,000 as the company reaffirmed its focus on the flagship Citronen Zinc-Lead Project in Greenland by trimming its exploration tenure.

The company has relinquished seven exploration licences in Greenland that had a minimum annual required expenditure commitment of $3.95 million.

Ironbark now retains a single Greenland licence covering Citronen and three licences in New South Wales.

This means Ironbark can refocus its funds towards developing the Citronen project.

Quick facts: Ironbark Zinc Ltd

Price: 0.006 AUD

ASX:IBG
Market: ASX
Market Cap: $5.52 m
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