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Tertiary Minerals' chairman tops up stake

The purchase takes his stake in fluorspar explorer to stake to 4.72%

Picture of gold and dollars
Tertiary will receive £100,00 in cash and shares

Patrick Cheetham, Tertiary Minerals’ (LON:TYM) executive chairman, has bought an additional 735,000 shares at prices between 0.895p and 0.92p.

The purchase takes his stake in the fluorspar explorer to stake to 4.72% and follows completion of the sale of its two gold leases in Finland.

Terms were as agreed in December, when the deal was first announced.

Tertiary will retain a royalty interest in the two sites, Kaaresselkä and Kiekerömaa, and receive £100,000 in cash and shares in Canada-listed buyer Aurion Resources (CVE:AU). 

Quick facts: Tertiary Minerals PLC

Price: 0.235 GBX

AIM:TYM
Market: AIM
Market Cap: £1.95 m
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