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Bryah Resources directors demonstrate confidence in gold exploration strategy with on-market purchases

The drilling program set to take place in the Bryah Basin is being funded from a recently completed tranche-1 placement which raised $1,026,548.

Bryah Resources Ltd - Bryah Resources directors demonstrate confidence in its gold exploration strategy with purchase of shares
Drilling will test the Windalah prospect and an EM conductor near the Peak Hill Gold Mine

Bryah Resources Ltd (ASX:BYH) directors Ian Stuart, Neil Marston and Leslie Ingraham have demonstrated their confidence in the company’s gold exploration strategy with the purchase of shares in on-market transactions.

The company is set to begin 2,000 metres of reverse circulation (RC) drilling of gold and copper targets in the Bryah Basin later this week funded by the tranche-1 placement completed recently.

Change of director interests

Managing director and company secretary Neil Marston acquired 216,667 shares valued at $10,676 in an indirect interest on June 24 and now holds 1.6 million in that interest and a further 4.9 million in two other indirect interests.

Non-executive chair Ian Stuart acquired 121,447 shares also in an indirect interest on June 23, increasing the total in that interest to 1.1 million.

Non-executive director Leslie Ingraham purchased 200,000 shares valued at $10,000 on June 24 in an indirect interest, increasing the total number of securities held in that interest to 5.283 million with another 1.05 million held in another indirect interest.

The drilling program is being funded from the placement of 20,530,960 new shares at an issue price of 5 cents per share which raised $1,026,548 (before costs).

Quick facts: Bryah Resources Ltd

Price: 0.059 AUD

Market: ASX
Market Cap: $7.16 m

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