Blackstone Minerals Ltd (ASX:BSX) managing director Scott Williamson has increased his indirect shareholding in the company by 213,566 shares worth $23,492.
The shares were purchased at an average price of 11 cents through on-market trades and this takes Williamson’s overall holding to 500,000 shares.
Williamson is a mining engineer with over 10 years experience in technical and corporate roles in the mining and finance sectors.
READ: Blackstone Minerals managing director buys shares
Blackstone's primary focus is on cobalt in British Columbia, Canada, enhanced by copper, gold and nickel.
In mid-December 2018, Blackstone raised $1.2 million through a share placement of 12 million shares priced at 10 cents.
Funds will be used to further exploration at the BC Cobalt-Gold Project in Canada and the Silver Swan South Nickel-Gold Project in Western Australia.