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: [e-mail]

Bushveld Minerals Fortune Mojapelo	[phone]
Strand Hanson Andrew Emmott	[phone]
Fox Davies Jonathan Evans	[phone]
RFC Ambrian Jonathan Williams	[phone]
Tavistock Jos Simson/ Nuala Gallagher	[phone]
Tielle Communications Stéphanie Leclercq	[phone]

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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.

 

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