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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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  • Legend Mining's MD Mark Wilson Buys 10 Million Shares On-Market 0 comments
    Jul 16, 2014 9:49 PM

    Legend Mining's (ASX:LEG) managing director Mark Wilson has sent a message to investors by buying 10 million shares on market.

    Between the 10th and 16th July 2014 Wilson spent $75,204, for an average entry price of $0.0075 a share.

    This increased his indirect interest through Chester Nominees WA Pty Ltd (MW Wilson Super Fund A/C).

    Wilson now holds an indirect stake of 55 million shares and 55 million unlisted options exercisable at $0.04 expiring 04/02/2015.

    Legend in the Fraser Range

    Earlier in the month Legend revealed another seven priority targets on tenement E28/2342 in the Fraser Range, Western Australia.

    The targets were identified through the interpretation of aeromagnetic data from a survey flown earlier this year.

    Magnetic characteristics of magnetic intrusive bodies are present, and several targets display similarities to that ofSirius Resources' (ASX:SIR) Nova deposit.


    In June, Legend completed the sale of its Ngovayang Iron Project in Cameroon to a subsidiary of Jindal Steel and Power.

    Completion of the contract is scheduled to take place this month.

    The sale will leave Legend with a robust bank balance by adding $17.5 million in three tranches, boosting its already healthy cash reserves of over $3.5 million.

    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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