Pantoro Ltd (ASX:PNR) directors have demonstrated their faith in the company's gold strategy by participating in the company’s share purchase plan (SPP).
The SPP closed on August 24 after receiving valid applications of around $7 million.
Funds raised will be spent on mineral resource and ore reserve growth, new gree fields exploration, project development works and working capital.
Director purchases
Independent non-executive chairman Wayne Zekulich acquired 100,777 shares valued $24,186 on September 2 in an indirect interest, increasing the total number of securities held to almost 285,000.
Managing director Paul Cmrlec acquired 167,963 shares valued at more than $40,300 and now holds more than 7.966 million shares.
Operations director Scott Huffadine purchased 83,982 shares valued in excess of $20,000, increasing his total number of securities to almost 2.935 million.