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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Aphrodite Gold Directors Increase Holdings Through Share Purchase Plan 0 comments
    Jun 27, 2013 10:14 PM

    Aphrodite Gold's (ASX: AQQ) directors have increased their stakes in the company through the exercise of entitlement rights under its share purchase plan.

    Non-executive chairman Peter Buttigieg acquired 1,125,000 shares in the company, paying a total consideration of $45,000, or $0.04 per share, for the new shares.

    This brings his total shareholding held indirectly to 24,541,024 shares and 750,000 options.

    Chief executive officer Wayne Ryder bought 375,000 shares for $15,000, increasing his shareholding to 4,537,500 shares and 1,325,000 options.

    Managing and technical director Leon Reisgys acquired 250,000 share indirectly and 125,000 shares directly for a total of $15,000.

    Reisgys now has a total shareholding of 1,200,000 shares and 250,000 options.

    Marketing director Paul Weston bought 375,000 shares for $15,000, increasing his shareholding to 2,525,000 shares and 50,000 options.

    Aphrodite is seeking up to $2.8 million through its Share Purchase Plan of up to 70 million shares priced at $0.04 each to continue exploration and development of its self-named project in Western Australia.

    It has unveiled plans to build an oxide and refractory gold plant capable of processing an initial 1 million tonnes of ore per annum, the first in the Kalgoorlie region for the past 20 years.

    The company has also increased JORC Resources at the Aphrodite Project by 35% to 1.4 million ounces of contained gold.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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