Energy and Minerals Australia’s newly appointed chief executive, Shane McBride, has increased his stake in the uranium hopeful, acquiring 206,000 shares in two separate transactions collectively worth more than $20,000. The move comes after the company was granted mining leases for its Mulga Rock project, having settled litigation by Yarri Mining, which laid claim to the deposit.
Red Hill Iron executive chairman Neil Tomkinson and non-executive director Joshua Pitt have both reported an increase in their relevant interest in the company. Their reported holdings are exactly the same because the entities Wythenshawe Ltd and Glyde Street Nominees, which Mr Pitt controls, and Warramboo Holdings, which Mr Tomkinson controls, are “associated” with each other.
However, the most recent acquisition of an additional 130,000 ordinary shares on-market at a cost of $243,418 and which gave each director an interest in 10,058,717 shares was made by Wythenshawe. The two directors have steadily increased their interest in Red Hill this year through their related entities, with Wythenshawe acquiring 513,131 shares this year while Warramboo has acquired 86,600 shares at a total cost of $869,381.
