West Wits Mining Ltd (ASX:WWI) chairman Michael Quinert has purchased 367,401 shares through on-market trades.
The purchase has increased Quinert’s total indirect holding in the company to about 23 million shares.
West Wits is advancing the Witwatersrand Basin Gold Project (WBP) in South Africa and the Mt Cecelia Gold Project in WA's Pilbara region.
The company recently raised $665,200 from a placement and share purchase plan, which included participation by directors and management.
READ: West Wits Mining secures funding to accelerate mining applications
Funds raised will assist the company to accelerate the completion of the WBP mining right/permit applications and progress development of the Kimberley East underground project.