Impact Minerals (ASX:IPT) non-executive chairman Peter Unsworth has acquired $21,000 worth of shares in the company under the recent $1.9 million rights issue priced at $0.021.
Indirect interests of Unsworth acquired 1 million shares, taking his total interest up to 13,771,875 shares.
IPT shares last traded higher at $0.025.
Along with the recent investment of up to $7.3 million from Andrew Forrest's Squadron Resources, the rights issue enabled Impact to bank up to $9.3 million in staged exploration funding to accelerate its exploration programs at its Broken Hill, Mulga Tank and Commonwealth projects.
Drilling is already underway at Broken Hill in New South Wales where it discovered a 25 to 30 metre thick near-surface zone of mineralisation that contains high grade PGM’s along with nickel and copper beneath the dormant Red Hill mine.
In addition Impact has been awarded government co-funding of $353,000 towards drill programs at its Broken Hill and Mulga Tank Projects.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.