Energy Ventures chairman Alasdair Cooke, executive director Gregory Fry and non-executive director Michael Curnow have acquired additional shares under an employee share plan at no cost. The shares were issued in lieu of accrued director's fees at a deemed issue price of 3.5 cents each, which is substantially higher than the current trading price of 0.9 cents. The directors will be invited to participate on a quarterly basis for services provided, in order to reduce cash costs and allow a greater proportion of cash reserves to be allocated to advancing the company’s projects.
