Proactive Investor's  Instablog

Proactive Investor
Send Message
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
My company:
My blog:
  • Kibaran Resources Executive Director's Substantial Shareholding Rises To 19.84% 0 comments
    Jan 28, 2014 11:50 PM

    Kibaran Resources' (ASX: KNL) executive director Andrew Spinks has increased his substantial shareholding in the company to 19.84% from 9.63%.

    This follows the conversion of 11,151,000 performance shares into ordinary shares yesterday as well as his acquiring on 29 October 2013 100,000 shares for $15,252 on the market.

    Spinks now holds 16,465,386 shares in the company.

    The company had late last month signed a binding offtake agreement with a sophisticated European graphite trader (NYSEMKT:EGT) for graphite from its Epanko Project in Tanzania.

    The off-take agreement to purchase 10,000 tonnes of flake graphite concentrate per year, over a 5 plus 5 year period, provides an independent endorsement of the quality and commercial appeal of graphite at the Epanko deposit.

    Kibaran wholly-owns the Epanko deposit which currently has an Inferred JORC Resource of 14.9 million tonnes at 10.5% TGC, for 1.56 million tonnes of contained graphite. The deposit is located within the Mahenge Graphite Project.

    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.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.