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Gunson Resources Directors Acquire Shares

Gunson Resources (ASX:GUN) directors have increased their interests in the company through participation in a recent placement and on-market trade.

Non-executive director Bill Bloking acquired 4 million shares through its recent private placement priced at $0.015 and 78,800 shares for $1,112.40 through on-market trades.

He now owns 14,078,800 shares held directly and indirectly.

Managing director Richard Hill bought 150,000 shares for a total of $2,210 through an on-market trade.

He now holds 900,000 shares in the company.

In the September quarter, Gunson completed a private placement of 146.67 million shares at $0.015 each to raise $2.2 million.

The company is carrying out reconnaissance and auger drilling across its highly ranked mineral sands targets in Tanzania.

This follows the recent completion of its $2.5 million all-scrip acquisition of Strandline Resources, which held the tenements covering over 2,000 square kilometres along the Tanzanian coast.

These are located in the same geological setting as world class operating mineral sands projects in Kenya, Mozambique and Madagascar.

The 6 week program will be followed by an intensive 6‐12 month campaign (including high‐impact drilling) on priority targets, with a view to delineating at least one significant resource area near key infrastructure.

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