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King River Resources directors show support for company through SPP participation

A 2,000-metre reverse circulation drilling program kicked off on August 9 at Tennant Creek in the Northern Territory, following up very encouraging geophysical results in 2019.

King River Resources Ltd - King River Resources board of demonstrate confidence in exploration with purchase of shares
The Tennant Creek goldfields are host to high-grade IOCG deposits

King River Resources Ltd (ASX:KRR) directors have demonstrated their confidence in the company’s exploration strategy by participating in the company's recent $7.86 million share purchase plan (SPP).

The SPP has allowed eligible shareholders to subscribe for new shares at $0.033 each, with one new free attaching option for every two SPP shares issued.

Funds raised will be used to bring forward the gold exploration programs at the Mt Remarkable and Tennant Creek projects.

Change of director’s interests

Chairman Anthony Barton acquired more than 4.545 million shares spread across various indirect interests at 3.3 cents per share on August 19.

This increases the total number of securities held in four indirect interests to more than 104.66 million

Director Leonid Charuckyj acquired 1.8 million shares across a direct and an indirect interest, increasing the total number of securities held in one direct and two indirect interests more than 18.162 million.

Director and company secretary Greg MacMillan purchased more than 1.818 million shares in an indirect interest, increasing the total number of securities held in that interest to in excess of 35.468 million.

Quick facts: King River Resources Ltd

Price: 0.028 AUD

ASX:KRR
Market: ASX
Market Cap: $43.5 m
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King River Resources Ltd - Elevator Pitch

Anthony Barton, non executive chairman of King River Resources Ltd (ASX:KRR), pitches the company to investors. For more information visit https://kingriverresources.com.au/

on 24/1/19

2 min read