logo-loader

Volt Resources director increases stake through acquisition of further options

Published: 22:17 14 Dec 2017 GMT

Picture of Australian money
The director's acquisition of options is a show of faith in the company's future

Volt Resources Ltd's (ASX:VRC) director Asim Kabunga, has acquired 805,000 listed options (ASX:VRCO) with an expiry date of December 31, 2017 at $0.02.

Volt is a graphite exploration company focused on the exploration and development of its Bunyu Graphite Project in Tanzania.

Kabunga’s options are held under the Kabunga Holdings Pty Ltd, and this recent acquisition increases that entities total holding to nearly 147 million fully paid ordinary shares and 13.2 million options at a strike price of $0.02.

READ: Volt Resources proceeds with issue of US$40 million in structured debt to fund Bunyu Graphite Project

Notably, the company recently advanced the issue of US$40 million in structured debt funding to assist in the development of Bunyu.

Volt Resources considers $10mln fundraise a "fantastic outcome"

Volt Resources Ltd (ASX:VRC) managing director Trevor Matthews speaks to Proactive after announcing a $10mln share placement that he believes is a "fantastic outcome." Matthews reveals the opportunities the new funding presents for the company, highlighting the potential for increasing...

on 17/11/22