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  • Mindax Limited Non-Executive Director Acquires Shares On Market 0 comments
    Jul 16, 2013 11:45 PM

    Mindax Limited (ASX: MDX) non-executive director Andrew Tsang has acquired 375,000 shares of the company in two seperate on-market trades.

    He paid a total consideration of $48,625, or an average of $0.13 per share. This increases his total shareholding to 48,139,543 shares in the company.

    Tsang also holds 500,000 unlisted options exercisable at $0.11 that expire on 10 December 2015.

    Mindax is closer towards progressing the Mt Forrest Iron Project after Hong Kong based Perpetual Mining Holding Limited (PMHL) issued in June a preliminary notice of their intention to proceed with the joint venture.

    Mt Forrest currently hosts a Resource of 1.7 billion tonnes at 31.8% iron.

    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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