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Greenland Minerals chairman buys shares on market

Published: 23:38 23 Aug 2018 BST

board room table surrounded by empty chairs
Tony Ho purchased 250,610 shares for $19,046

Greenland Minerals Ltd (ASX:GGG) has received a vote of confidence from its non-executive chairman Anthony Ho who has purchased shares in the company on-market.

Ho acquired 250,610 shares through on-market trades increasing his overall holding in the company to 3.18 million shares.

READ:  Greenland Minerals signs off-take MoU with strategic partner Shenghe, shares rise

The purchases follow recent news of the company signing a non-binding memorandum of understanding (MoU) related to off-take from its Kvanefjeld Project in Greenland.

The MoU is with major shareholder and strategic partner Shenghe and establishes a framework to enter future binding agreements.

It covers two key areas; (1) product off-take and marketing of rare earth products produced from Kvanefjeld, and (2) strategic development execution.

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