Directors’ Interests
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Thursday, 30 September, 2010 - 00:00
Indo Mines non-executive director Keith Brooks took part in capital raising this week and joined the ranks of a ‘substantial holder’ in the company with a 6 per cent stake.
Mr Brooks purchased 6.48 million shares to take his holding in Indo to 9.9 million. His $1.5 million purchase of shares was part of an issue of shares to institutional and sophisticated investors to raise a total of $3.5 million.
The capital raising was conducted to accelerate a feasibility study of Indo’s Jogjakarta iron project in Indonesia. Indo owns 70 per cent of the project.
Companies:
People: