Bellevue Gold Ltd’s (ASX:BGL) managing director Steve Parson and chairman Ray Shorrocks have increased their shareholdings in the company after option exercises.
Parsons exercised 10 million options and Shorrocks exercised 5.9 million options.
According to industry sources, Bellevue was one of the more popular presenters at the recent Diggers & Dealers Conference held annually in Kalgoorlie.
The flagship Bellevue Gold Project in Western Australia hosts one of Australia’s highest grade gold deposits with 1.8 million ounces grading 11.1 g/t gold.
Bellevue recent raised $18.5 million boosting the company’s cash reserves to $35 million providing good scope to expand the resource in early 2020.