LONDON (Alliance News) - Griffin Mining Limited said Trellus Co LLC, an investment advisory firm, in which Non-Executive Director Adam Usdan has an interest, purchased 500,000 shares at a price of 26.5 pence per share Tuesday.
Following this transaction, Usdan has, through both direct and indirect holdings, a beneficial interest in 30.5 million shares, representing 17.1% of the mining company's issued share capital.
The stock was trading at 27.65p, up 1.0% Tuesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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Griffin Mining (GFM)