Simon Malone, a non executive director at Pan African Resources, has become a shareholder in the gold producer and explorer after spending the equivalent of about £77,000 on shares.
Malone, who is chairman of the company's technical committee, bought around 1.289m shares at 87 South African cents (5.5p) a time, having previously had none.
Pan African mines for gold in South Africa, the Central African Republic, Ghana and Mozambique.
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