Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Tyranna Resources director supports gold strategy through off-market purchase

Joseph Pinto has acquired 6 million shares valued at $94,000 through an indirect interest.
Australian currency
The company has a busy exploration program planned for 2018 at its gold projects

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.

READ: Tyranna Resources to benefit from appointment of mining executive Geoffrey Clifford

View full TYX profile View Profile

Tyranna Resources Ltd Timeline

Related Articles

September 20 2018
The company is hoping to mine its graphite flake, see it turned into concentrate, then produce spherical graphite to supply Korean lithium-ion battery-makers.
July 18 2018
A new joint venture is also being set up on a 70/30 MOD/Metal Tiger basis to continue exploration
August 02 2018
Shefa Yamim has a highly prospective gemstone project in Israel

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use