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Director dealings: Landore Resources finance director raises stake
(Sharecast News) - Landore Resources revealed on Monday that finance director Glenn Featherby had acquired 500,000 ordinary shares in the AIM-listed exploration and development company. Featherby, who was previously the chairman of Forte Energy NL, purchased the shares on Friday at an average price of 8.43p each, for a total value of £42,130.
Following the transaction, Featherby holds an interest in 3.72m ordinary Landore shares, representing approximately 3.05% of the company's issued share capital.
Earlier in October, Landore announced an agreement to sell its lithium prospects within the Junior Lake Project to the ASX-listed Green Technology Metals. Under the agreement, GT1 will give Landore Resources Canada, a wholly-owned subsidiary of Landore Resources, a cash sum of CAD 1.0m (£600,000). Additionally, a share-based consideration would see the issue of 1.62m new shares in GT1 to Landore Resources.
As of 1515 BST, Landore shares were up 2.02% at 8.82p.
Reporting by Iain Gilbert at Sharecast.com
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Lsl Property Services (LSL) Director name: Barral,David Amount purchased: 48,083 @ 248.00p Value: �119,245.84
Uniphar (cdi) (UPR) Director name: Hogan,Paul Amount purchased: 50,000 @ 2.30 Value: 103,603.60
Landore Resources Limited Npv (LND) Director name: Featherby,Glenn Amount purchased: 500,000 @ 8.43p Value: �42,150.00
Avi Global Trust (AGT) Director name: Galloway,Neil Amount purchased: 15,000 @ 195.85p Value: �29,377.36
Diversified Energy Company (DEC) Director name: Thomas,Martin Keith Amount purchased: 15,000 @ 74.80p Value: �11,220.00
Assura (AGR) Director name: Murphy,Jonathan Amount purchased: 360 @ 41.64p Value: �149.90
Assura (AGR) Director name: Cottam,Jayne Amount purchased: 360 @ 41.64p Value: �149.90
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