Kalgoorlie Mining Company (ASX: KMC) non-executive director James Croser has boosted his direct stake in the company, from an on-market trade.
Croser purchased 85,000 shares for a consideration of $7,820, providing an average entry price of around $0.092.
Croser now holds a direct stake in the company of 200,000 shares and 600,000 employee options, with an indirect stake of 130,000 shares.
Kalgoorlie Mining Company is currently in a very interesting position, and just last month transitioned to become a gold producer - with the first cash flows generated from the sale of ore from the Bullant Gold Mine, via a gold ore agreement with Barrick Mines' (NYSE: ABX) Australian subsidiary.
The company also recently announced a 68% boost in the gold resource to 250,000 ounces at Bullant, which was achieved within just five months of taking ownership of the project.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/20114/kalgoorlie-mining-company-direct-boosts-stake-with-on-market-purchase-20114.html
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