Allied chairperson and CEO Peter Marrone
The executive team at Allied Gold, which recently debuted on the Toronto exchange, is actively demonstrating their confidence in the company’s future by increasing their investment.
Directors and officers collectively hold more than 22% of the issued and outstanding shares.
This comes after chairperson and CEO Peter Marrone and founder and vice-chairperson Justin Dibb joined forces with other key members of management, former executives and significant founding shareholders in executing a purchase of shares, underscoring their support for the current share price and highlighting their shared belief in the upside potential.
“This strategic move reinforces the leadership's commitment to driving sustained value, which is not reflected in the current market price of the company, and is part of a broader plan to strengthen and refine the share register as the company delivers on its robust growth pipeline and operational excellence initiatives,” the gold producer said in a statement.
Allied Gold owns three producing assets and several development projects located in Côte d'Ivoire, Mali and Ethiopia.