White Cliff Minerals Ltd (ASX:WCN) has had 15.38 million of its shares purchased by the super fund of executive chairman Michael Langoulant.
Notably, Langoulant paid $46,147 for the shares and completed the purchase off-market.
The action increases his holding in White Cliff to 90.56 million shares.
READ: White Cliff Minerals seeks to divest non-core assets as part of corporate restructure
Yesterday White Cliff also outlined that it had received the necessary shareholder approval for a 50:1 share consolidation.
For example, the 3.84 billion shares on issue at the end of calendar 2018 will be consolidated into 76.9 million shares.
READ: White Cliff Minerals assays additional cobalt and nickel at Coronation Dam
Last month, White Cliff received another batch of assays from its 5,000-metre reverse circulation (RC) drill program at the Coronation Dam project in Western Australia.
Highlights included 24 metres at 0.19% (1,900 ppm) cobalt and 1.2% nickel from 8 metres depth.