TORONTO, May 7, 2013 /CNW/ - Patagonia Gold Plc
(TSX: PAT, AIM: PGD) today announced that on May 3, 2013, Carlos
Miguens, chairman of the Company, bought 7,000,000 shares at
13 pence per share. Following
the transaction, Mr. Miguens is interested in 125,072,109 ordinary
shares of one pence each in the
Company, representing 14.62 per cent of the issued share capital of
the Company.
About Patagonia Gold
Patagonia Gold Plc is a mining company that
seeks to grow shareholder value through exploration, development
and production of gold and silver projects in the southern
Patagonia region of Argentina. The
Company is primarily focused on three projects: the flagship
Cap-Oeste project, the nearby COSE project and the Lomada heap
leach project, which is generating free cash flow. Patagonia Gold,
indirectly through its subsidiaries or under option agreements, has
mineral rights to over 220 properties in several provinces of
Argentina and Chile, and is one of the largest landholders
in the province of Santa Cruz.
Patagonia Gold is listed on the AIM market of
the London Stock Exchange under the symbol PGD and on the Toronto
Stock Exchange (TSX) under the symbol PAT.
SOURCE Patagonia Gold plc