Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

PanTerra Gold's Chairman Acquires Over 4.72M Shares In Off-Market Transaction

PanTerra Gold's (ASX:PGI) chairman Brian Johnson has acquired 4,725,800 shares for a consideration of $453,677 in an off-market transaction at a price of $0.096 per share.

The number of securities held by Brian Johnson after the most recent securities purchase has now gone up to 40,000,000.

PanTerra recently reaffirmed that the cash flows forecast from its Las Lagunas project in the Dominican Republic would not be impacted by falling gold prices.

The anticipated monthly income of US$3.5 million to US$4.0 million in April 2013 will rise to US$7.0 million to US$8.0 million in the September quarter 2013 - which is based on selling all gold production into the company's hedge book at US$1320 per ounce.

The company is also on track to meet bullion sales for April at the higher end of the range, while the all inclusive PanTerra group costs should continue at US$2.5 million per month.


This sends a strong signal to investors with the purchase of shares by the chairman of the company.

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.