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Gold One International chairman increases interest

Gold One International (ASX: GDO) non-executive chairman Mark Wheatley has increased his stake in the company.

Wheatley acquired 14,830 Gold One shares at a price of A$0.50 per share for a total consideration of A$7,415 in an open market purchase.

This brings his total holding in the company to 14,830 shares, 750,000 unlisted options and 6,000 listed options.

Gold One recently revealed that it had exceeded expected gold sales for 2011, with 123,179 ounces of gold sold over the year, compared to the targeted 120,000 ounces.

This was an 85% increase on 2010.