Sign up
Mining Capital

Blackstone Minerals managing director boosts shareholding further

This is the second on-market share purchase from the MD in 2019.
empty board room seats
Notably, shares were purchased at a premium to the last price of 10.5 cents

Blackstone Minerals Ltd (ASX:BSX) managing director Scott Williamson has increased his indirect shareholding in the company by 213,566 shares worth $23,492.

The shares were purchased at an average price of 11 cents through on-market trades and this takes Williamson’s overall holding to 500,000 shares.

Williamson is a mining engineer with over 10 years experience in technical and corporate roles in the mining and finance sectors.

READ: Blackstone Minerals managing director buys shares

Blackstone's primary focus is on cobalt in British Columbia, Canada, enhanced by copper, gold and nickel.

In mid-December 2018, Blackstone raised $1.2 million through a share placement of 12 million shares priced at 10 cents.

Funds will be used to further exploration at the BC Cobalt-Gold Project in Canada and the Silver Swan South Nickel-Gold Project in Western Australia.

View full BSX profile View Profile
View All

Related Articles

© mining Capital 2019

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.