Rimfire Pacific Mining directors participate in rights issue shortfall
Rimfire Pacific Mining (ASX:RIM) directors have continued to show their confidence in the company by participating in a non-renounceable 1:4 rights issue shortfall.
The shortfall issue follows the company's non-renounceable rights issue earlier this month which raised $1.1 million.
Non-executive chairman Ian McCubbing and non-executive director Andrew Greville both participated in the shortfall, as approved by shareholders at the company's annual general meeting on November 15, 2018.
McCubbing acquired 4.338 million shares valued at more than $39,000 and now holds more than 8.857 million shares in two indirect interests.
Greville purchased 1 million shares valued at $9,000 and now holds 2.25 million shares in an indirect interest.
Both also received the same amount of free-attaching options which are exercisable at 2.2 cents per option with expiry on May 1, 2020.
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