Infinity Mining Limited (AU:IMI) has released an update.
Alan Joseph Phillips, a director at Infinity Mining Limited, has significantly increased his indirect stake in the company by acquiring 7,227,739 ordinary shares, valued at $246,872, in lieu of director’s fees. This change has elevated his associated entities’ holdings to over 3 million ordinary shares each, with the transactions aligned with the approval of a resolution at the recent AGM. This move could signal insider confidence in the firm’s prospects, potentially impacting Infinity Mining’s stock performance.
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