African Energy Resources (ASX: AFR) executive chairman Alasdair Cooke has topped up his shareholding in the company with the purchase of 57,100 shares.
Cooke acquired the additional shares for a consideration of A$14,390, providing an average entry price of $0.25.
The latest purchase brings Cooke’s total direct interest in African Energy to nearly 12.2 million shares.
In November last year bulk sampling work began at the company’s 2.7 billion tonne Sese Coal Project in Botswana.
Local contractor G&S Projects was mobilised to the site in October to obtain a bulk sample of 10,000 tonnes of coal to provide material for ongoing test work.
The bulk sample is expected to be delivered in early 2012.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24227/african-energy-resources-chairman-continues-on-market-share-purchases-24227.html
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