LONDON (Alliance News) - Horizonte Minerals PLC Tuesday said Chairman David Hall bought 274,047 shares at a price of 1.8245 pence per share Monday.
Following this transaction, Hall holds 1 million shares, which represents 0.21 % stake in the firm.
The company also said Non-Executive Director Owen Bavington bought 2 million shares at 2p each which is his only holding.
Horizonte Minerals on Monday said it is set to develop one of the world's largest nickel projects after striking a deal to acquire FTSE 100-listed Glencore PLC's Araguaia project in Brazil which will enlarge the company's existing nearby project.
It is the latest move by Horizonte to enlarge its project area in the country, and it now holds 100% of the entire Araguaia nickel mining district following the deal.
Shares in the nickel development company were up 4.1% at 1.64p Tuesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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Horizonte Minerals (HZM)
Glencore (GLEN)