15/10/2009 - 00:00

Directors Interest

15/10/2009 - 00:00

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Sandfire Resources managing director Karl Simich has sold 1 million shares to an unnamed North American resource fund, pocketing more than $3.5 million.

In a statement, Sandfire said Mr Simich sold the shares to repay some personal debt and remained one of the company's largest shareholders with a 3.5 per cent interest.

Deep Yellow non-executive director Gillian Swaby has spent $1.3 million boosting her stake to more than 35 million shares. Ms Swaby also disposed of 588,272 shares as part of her Lift Capital settlement.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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