Some further detail just released by Proactive Investors dot com...

Some further detail just released by Proactive Investors dot com dot au

Element 25 Ltd (ASX:E25) directors have participated in a share purchase plan (SPP) which raised almost $1.39 million to accelerate the pre-feasibility study at the Butcherbird Manganese Project in Western Australia. Element 25 chairman Seamus Cornelius, executive director Justin Brown and non-executive director John Ribbons each increased the total number of securities held in the company. Cornelius purchased 171,430 shares valued at $30,000 and now holds more than 3.45 million shares in direct and indirect interests. Brown's participation involved the purchase of 342,860 shares valued at $60,000 and he now holds more than 5.25 million shares. Ribbons outlayed $15,000 to acquire 85,715 shares and now holds 585,715 shares, also in direct and indirect interests.