BUZZ-Cliffs Natural Resources Inc: CEO buys shares

Wed May 27, 2015 2:57pm EDT
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** U.S iron ore miner's shares up 4.9 pct at $5.35

** CEO Goncalves Lourenco bought a total of 200,000 company shares, according to regulatory filings dated May 26 and May 27 ( (

** Board members Michael Siegal, Doughlas Taylor also bought the company's shares over the last two days ( (

** Purchase price of shares varied between $4.9 and $5.2/share

** Miner said last week it was seeking court protection from creditors of its Wabush iron ore mine and related assets in Eastern Canada, four months after it sought similar protection for its other Canadian iron ore assets

** Up to Tuesday's close, stock had fallen about 69 pct over the last 12 months