TNR Gold executives increase share ownership as Altius Minerals boosts stake
TNR Gold Corp's management team, including Executive Chairman Kirill Klip, has increased their personal shareholdings in the company. Klip added 4.2 million shares this year, bringing his total to nearly 31.4 million. This move aligns with a recent increase by strategic partner Altius Minerals Corporation, which acquired an additional 7.44 million TNR Gold shares at C$0.23 per share on July 17, raising its stake to around 30.9 million shares. The increased ownership from both management and Altius signals confidence in the company's strategic direction and royalty portfolio. The developments come as a shareholder has also indicated intent to nominate four individuals for TNR Gold’s board at an upcoming meeting in September. In response, TNR Gold is reviewing this notice with its advisors before making further announcements. The news contributed positively to investor sentiment, with shares of TNR Gold rising over 9% on Tuesday morning.
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Topics: executive_share_purchases strategic_investor_activity