KGL Director Increases Stake via Entitlement Offer

KGL Resources Limited (AU:KGL) has released an update.

KGL Resources Limited has disclosed a change in Director Jeffrey Gerard’s interest, with the acquisition of 355,690 ordinary shares at $0.10 each through an entitlement offer, resulting in a new total holding of 1,689,525 shares. The transaction, involving Gerard’s indirect interest via JAGX Pty Ltd., where he is the sole director and shareholder, signifies a notable increase in the director’s stake in the company.

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