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Kin Mining non-executive director shows faith in gold strategy with on-market purchase

The Cardinia Hill discovery within the CGP was also last month extended at depth and to the north with further strong results from drilling.

Kin Mining NL - Kin Mining non-executive director demonstrates confidence in the company’s gold strategy with purchase of shares
Kin is a West Australian-based gold development and exploration company with a key focus on the flagship Cardinia Gold Project

Kin Mining NL (ASX:KIN) non-executive director Nicholas Anderson has demonstrated his confidence in the company’s gold strategy by purchasing shares in an on-market transaction.

Anderson purchased 257,144 shares at 14 cents a share on September 9 in a direct interest, increasing the total number of securities held to 1 million shares.

This move follows the purchase of shares made by directors Joe Graziano and Andrew Munckton on September 8.

Recent director purchases 

Non-executive director Giuseppe Graziano purchased 100,000 shares at 12.5 cents per share on September 7 in an indirect interest increasing the total number of securities held in that interest to more than 7.472 million shares with another 2,627,680 held in another indirect interest.

Also on that day managing director Andrew Munckton acquired 83,330 shares at 12 cents per share in an indirect interest, increasing the number in that interest to 700,749 shares.

Kin has recently received shallow and wide high-grade gold results from Helens East prospect with this new discovery enhancing the potential of the Cardinia Gold Project (CGP) near Leonora in Western Australia.

Quick facts: Kin Mining NL

Price: 0.23 AUD

Market: ASX
Market Cap: $161 m

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Kin Mining MD updates on development of Cardinia gold project near Leonora

Kin Mining NL (ASX:KIN) managing director Andrew Munckton updates Proactive Investors on development of the Cardinia gold project, near Leonora in Western Australia. Results from 16 of 51 holes drilled at both the Lewis and Helens prospects have been released so far. Munckton says,...

on 20/2/19

2 min read