Legend Mining's (ASX:LEG) managing director, Mark Wilson, has used an on-market trade to make an indirect purchase of 2 million shares for consideration of $20,110, which is around $0.01 a share.
The purchase increases Wilson's stake to 80 million fully paid shares.
Wilson recently positioned Legend as one of the most dominant players in the highly prospective Fraser Range of Western Australia, in a deal which includes acquiring a tenement package from the Creasy Group.
Legend is well-funded and has shares and liquids of around $12 million at the end of June 2015, with another $6 million cash coming in two tranches of $3 million in September 2015, and December 2016.
Post the finalisation of the acquisition, the company will have sufficient funding for a multi-year exploration program.
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