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Director Increases Stake in Southern Gold Limited

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Director Increases Stake in Southern Gold Limited

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Southern Gold Limited ( (AU:ION) ) has provided an update.

Southern Gold Limited announced a change in the director’s interest, with Director Adam Slater acquiring 1,800,000 ordinary shares at a cash consideration of $0.014 per share, totaling $25,200. This acquisition was part of a placement approved by Iondrive shareholders, increasing Slater’s total holdings to 6,244,444 ordinary shares. The transaction reflects a strategic move to strengthen the director’s stake in the company, potentially enhancing stakeholder confidence and aligning management interests with shareholder value.

More about Southern Gold Limited

Average Trading Volume: 56,970

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €15.55M

For a thorough assessment of ION stock, go to TipRanks’ Stock Analysis page.

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