Iron Ore Holdings chairman Malcolm Randall and director Richard Court have netted nearly $1 million from the sale of shares on-market.
In notices to the Australian Securities Exchange, non-executive director Mr Court advised he had made $719,226 from the sale of 300,000 shares at about $2.39 each over the past week.
The sale cleared out Mr Court's ordinary shareholding before he exercised 300,000 options at $1.30 each today. The options were due to expire in May this year.
The option exercise leaves Mr Court with 700,000 options, exercisable at $1.30, and due to expire in May 2010.
Meantime, Mr Randall pocketed $232,501 from the sale of 100,000 shares on-market last week at about $2.33 each.
Mr Randall also exercised 1 million options at 25 cents each, boosting his shareholding to 1.107 million shares. The options were due to expire in May.
Shares in Iron Ore Holdings closed up two cents to $2.31 today.
Last week, Kerry Stokes injected $7 million into Iron Ore Holdings through the exercise of 7 million options.
The option exercise lifts Mr Stokes' control of the explorer from 50.37 per cent to 53.07 per cent.