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Moho Resources directors demonstrate confidence in company through SPP participation

Proactive Investors Monday, 14 September 2020
Moho Resources Ltd (ASX:MOH) directors have demonstrated their confidence in the company’s exploration strategy by participating in a share purchase plan (SPP) that raised $1.113 million. On July 30, the company announced a SPP to which existing shareholders could acquire up to acquire up to $30,000 worth of shares at 13 cents per share. Applications from existing eligible shareholders for 8,561,500 new shares at an issue price of $0.13 per share. Funds will be used to advance exploration and development at East Sampson Dam gold prospect within the Swan North Project near Kalgoorlie, Western Australia. Change of director’s notices Managing director Shane Sadlier acquired 230,769 shares valued at $30,000 in a direct interest, increasing the total number of securities held to more than 3.059 million shares. Commercial director Ralph Winter also purchased 230,769 shares in a direct interest, increasing his total number of shares in the company to 747,437 shares. Non-executive director Adrian Larking acquired the same number in a direct interest, increasing the total number of securities held in that interest to 628,520 shares with another 240,152 held in an indirect interest.
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