Montezuma Mining (ASX: MZM) non-executive director John Ribbons acquired 138,334 shares at $0.20 per share by exercising options on August 19.
The shares were acquired for a consideration of $27,666.80. Ribbons now directly holds 500,000 $0.65 options due to expire on 30 November 2015 and 25,003 ordinary shares through ATF Ribbons Family Trust.
He indirectly holds indirectly 266,668 shares and 500,000 $0.20 options due to expire on 31 August 2011 through his wife.
Montezuma continues to move the wholly owned Butcherbird Manganese/Copper Project forward - and has now identified some new priority targets from the first phase of a ground IP survey.
The company has had initial discussions with international investors to progress Butcherbird to the next level. Talks will be ramped up when more assays are received in coming months.
Montezuma Mining director John Ribbons tops-up shareholding
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