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Mining

Viking Mines chairman buys shares on the market

Viking Mines (ASX:VKA) chairman John Gardner has bought 458,580 shares of the company in on market trades.

Gardner paid an average consideration of $0.038 per share, or a total of $17,426.04, for the shares, increasing his total holding to 10,442,643 shares.

He also holds 2,876,065 options exercisable at $0.18 on or before 31 August 2014.

The company has just signed a second future coal supply agreement with a Mongolian Government power authority for its Berkh Uul Bituminous Coal Project in northern Mongolia.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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