Power Metal Resources plc directors today bought an aggregate 703,800 new ordinary shares, each at a average price of 12.5 pence per ordinary share in the company, for a total £87,975.
INTERESTS
Chief executive officer Sean Wade purchased 150,000 new ordinary shares each at 12p, 250,000 shares at 12.9p and 103,800 at 12.6p.
Non-executive director Edmund Shaw acquired 100,000 shares at 12.15p, 50,000 shares at 12.77p and a further 50,000 at 12.91.
Following the purchases, Mr Wade’s beneficial interest in Power Metal has increased to 1,442,035 ordinary shares, representing approximately 1.25% of the company’s issued share capital.
Mr Shaw’s beneficial interest has increased to 950,000 ordinary shares (0.82%).
Power Metal has assets and interests in Africa, Canada, Australia, Oman, Saudi Arabia and the UK.