CAPITAL MARKETS

St Barbara chairman buys up

St Barbara chairman Tim Netscher takes advantage of dip in company's share price to boost stake

Staff reporter
 Tim Netscher

Tim Netscher

Netscher acquired 20,000 St Barbara shares on-market today, nearly doubling his holding to 43,414 shares.

He paid A$2.955 per share for a total of $59,100.

St Barbara shares dropped 12.3% on Friday as the company resumed trading following the first stage of a $495 million raising to fund the acquisition of Canada's Atlantic Gold.

The stock was down 0.3% today to $2.90, just above the raising price of $2.89.

Netscher is also chairman of Gold Road Resources, where he holds 765,000 shares.

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