Rimfire Pacific Mining NL (ASX:RIM) non-executive chairman Ian McCubbing has upped his stake in the company by more than 1 million shares in an on-market acquisition valued at $11,450.34.
The chartered accountant holds his interest in the company through two different legal structures, his superannuation fund BIMH Pty Ltd, the Union Street Super Fund A/C, and the company Anderby QLD Pty Ltd.
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McCubbing picked up 1,041,221 shares on September 3, putting the approximate value at 1.1 cents each.
McCubbing is also a non-executive director at three other Australian Securities Exchange-listed resources related companies — Avenira Ltd (ASX:AEV) (FRA: WTP), Swick Mining Services Ltd (ASX:SWK) and Kasbah Resources Ltd (ASX:KAS).
He now holds 2,555,506 Fully paid ordinary shares through Anderby and 1,060,000 Fully paid ordinary shares though BIMH, putting the value of his stake at $43,387.47 using today’s 1.2-cent closing price.