Resource Generation (ASX: RES) non-executive director Geoffrey Rose has bought 50,000 shares on market for A$0.3835 per share, or a consideration of $19,175.
Rose now owns 68,000 shares in Resource Generation.
Resource Generation recently secured the water required for stage 2 of the company’s Boikarabelo mine, one of South Africa’s largest remaining coal deposits.
The Boikarabelo mine is located in the Waterberg region of South Africa, and has Probable Reserves of 744.8 million tonnes of coal on just 35% of Resource Generation’s tenements.
The agreement with the Lephalale Local Municipality in Limpopo Province, subject to a number of conditions, will see Lephale construct, operate and maintain a wastewater treatment plant at Marapong, about 50 kilometres from Boikarabelo.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/23964/resource-generation-non-executive-buys-more-shares-on-market-23964.html
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