Danakali (ASX:DNK) chairman, Seamus Cornelius has once again built upon his major shareholding in the company by exercising 1.3 million options.
The option exercise increases his direct and indirect shareholding in the company to 9.8 million shares.
The 1.3 million options were exercisable at $0.278 and the total value paid of $361,400 will become additional available funding for Danakali.
Danakali is advancing the fully permitted Colluli Potash Project located in Eritrea, East Africa.
The company’s focus has recently shifted to funding, offtake and construction activities following the signing of a mining agreement, award of mining licenses and approval of the social, environmental impact assessment SEIA.