Director's Share Purchase

RNS Number : 5745Y
Bushveld Minerals Limited
02 December 2014
 



02 December 2014


 

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Director's Share Purchase

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, announces that Fortune Mojapelo, CEO of Bushveld Minerals Ltd, today acquired 500,000 ordinary shares at an average purchase price of 2.86p / share. Following the acquisition, Fortune Mojapelo's revised interest in Bushveld is 8,660,000 shares representing 1.81% of the issued share capital of the Company. 8,160,000 of these shares are held jointly with non-executive director Anthony Viljoen through VM Investment company (pty) Ltd, of which the both Fortune Mojapelo and Anthony Viljoen each hold a 50% interest.

The Board feel that at the current levels the stock is significantly undervalued.  

Enquiries: info@bushveldminerals.com

Bushveld Minerals

Fortune Mojapelo

+27 (0) 11 268 6555

Strand Hanson

Andrew Emmott

+44 (0) 20 7409 3494

Fox Davies

Jonathan Evans

+44 (0) 20 3463 5000

RFC Ambrian

Jonathan Williams

+44 (0) 20 3440 6800

Tavistock

Jos Simson/ Nuala Gallagher

+44 (0) 20 7920 3150

Tielle Communications

Stéphanie Leclercq

+27 (0) 83 307 7587



- ENDS -

 

 

 

Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore and tin assets in Southern Africa. The Company owns the Bushveld Vanadium Project, P-Q Iron Ore and Titanium Project and Mokopane Tin Project, all located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling 57.21% interest in Lemur Resources (ASX: LMR), that owns the Imaloto coal project in Madagascar.

Bushveld was admitted to the AIM Market of the London Stock Exchange in March 2012.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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