Walkabout Resources (ASX:WKT) has issued 151,515 shares to its executive chairman Trevor Benson in lieu of director fees.
The shares were priced at $0.066 each, which results in a value of $10,000.
Earlier this week Walkabout was granted its environmental impact assessment certificate for its Lindi Jumbo Graphite Mine located in Tanzania.
The certificate is an important pre-requisite to the mining licence application which can now be submitted.
Walkabout expects the mining licence to be granted during the September quarter of 2017.