Founder and non-executive chairman of Carrick Gold Ltd Frank Carr has increased his direct interest in the company, snapping up 7.65 million shares for over $1.5 million through the exercise of options.
Founder and non-executive chairman of Carrick Gold Ltd Frank Carr has increased his direct interest in the company, snapping up 7.65 million shares for over $1.5 million through the exercise of options.
He also bought 100,000 shares worth $98,000 between January 16 and 17. Mr Carr now holds 44.5 million shares in the company, valued at over $44 million.
However, despite the buy-up, his percentage holding in Carrick Gold reduced from 55.5 per cent to 46.6 per cent as a result of the exercise in options, which saw more Carrick Gold shares on issue.
Mr Carr, who is also director and executive chairman of Telezon Ltd, directly bought 150,000 shares worth $46,500 in the Perth-based medical technology development company between January 12 and 17 in an on-market trade.
He now holds 5.6 million shares representing a 20.4 per cent of the company.
Last year, Telezon Ltd acquired the remaining 49 percent interest of SS&B Technology Pty Ltd patents and technology not owned under the agreement between Stevens Smith & Bartlett Pty Ltd and SSB.
Telezon has completed all the pre-conditions for full ownership of the SSB patents and technology, covering the plastic hypodermic needle and related products.
Mr Carr is also executive chairman of gold and nickel explorer Shannon Resources, which came 14th in the list of Top WA-based IPO’s for 2006 in WA Business News’ Deal of the Year feature.
The company’s share price had risen 175 per cent from its issue price of 20 cents. Earlier this week the stock was trading at 54.5 cents.
Meanwhile, Fortescue Metals Group Ltd executive director Russell Scrimshaw has reduced his direct and indirect interest in the company by selling 275,000 shares for $4 million in off-market trade on January 12.
Mr Scrimshaw now holds 800,000 shares in the company, valued at over $11.6 million.
The sell down comes at an interesting time for FMG, which experienced a 12-month high of $15.25 earlier this month following the Federal Court's decision in December, which favoured its case for access to BHP Billiton Ltd’s Pilbara rail network.
FMG has recently confirmed its intention to build an ore conveyor linking its facilities at Anderson Point, with a multi-user public wharf planned by the Port Hedland Port Authority at neighbouring Utah Point.
In relation to the new iron ore port in the Pilbara, to be located at Ronsard Island, the company believed there would be a need for a new facility at Port Hedland in the future and did not dismiss the government’s proposal.
