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Australian Potash Ltd

Australian Potash board members buy stock alongside shareholders

The majority of the board participated in the recent rights issue that raised $4.2 million.

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APC is progressing a DFS for its flagship Lake Wells Sulphate of Potash Project

Australian Potash Ltd (ASX:APC) has had three members of its board increase their shareholding after participating in the recent rights issue.

Managing director and CEO Matthew Shackleton purchased 250,000 shares for $20,000 increasing his overall holding to over 6.42 million shares.

Non-executive directors Brett Lambert and Rhett Brands purchased 81,161 and 178,750 shares increasing their respective total holdings to 459,911 shares and 220,000 shares.

READ: Australian Potash to take part in two-year SOP trial in WA

Last week Australian Potash welcomed a Western Australian Sulphate of Potash (SOP) trial, an Australian first that will analyse the benefits of SOP fertiliser produced in the state.

Proactive caught up with the company in late February 2019 for an update.

Quick facts: Australian Potash Ltd

Price: $0.11

Market: ASX
Market Cap: $39.33 m
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