Tyranna Resources Ltd (ASX:TYX) non-executive director Joseph Pinto has demonstrated his confidence in the company’s gold strategy by increasing his indirect interest.
Pinto has made an off-market purchase of 6 million shares for total consideration of $94,000.
The interest is held through Admark Investments Pty Ltd (The Pinto Family A/C), of which Pinto has a relevant interest.
Through the indirect interest, he now holds more than 50 million shares and 882,353 options exercisable at $0.04 on or before 6 October 2021.
Major supporter of Tyranna
Pinto has been a major shareholder and supporter of Tyranna for several years and is also the major shareholder of Orinoco Gold Ltd (ASX:OGX).
Orinoco is a company in which Tyranna, through its wholly-owned subsidiary Trafford Resources, was a cornerstone investor and remains a substantial shareholder.
READ: Tyranna Resources gets busy as it progresses gold strategy
Tyranna has gold interests in South Australia and Western Australia as well as interests in Orinoco Gold and the Eric Sprott-backed Kairos Minerals Ltd (ASX:KAI).
The company has set the scene for a busy 2018 work program across its gold portfolio while its investments are increasing in value.