30/10/2007 - 22:00

Directors’ Interests

30/10/2007 - 22:00

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Minara Resources Ltd main substantial holder Glencore International AG has lifted its stake in the nickel producer from 50.8 to 52.2 per cent through on market acquisitions of 5 million shares worth $29 million. Glencore now holds 242 million shares in Minara valued at $1.4 billion on the announcement day share price. Aurox Resources Ltd executive director Michael Silcock has decreased his interest in the company through on and off market sales of 1.9 million shares at $2.2 million. He now owns 6.3 million shares worth $8 million on the announcement day share price. Fleetwood Corporation Ltd non-executive director Stephen Gill has increased his indirect interest by 74,131 shares valued at $667,920 through a dividend reinvestment plan. On the same day, Mr Gill decreased his direct and indirect interest in the company by selling 81,739 shares at $807,435. He now owns 2.9 million shares valued at just under $30 million on the announcement day share price. Legend Mining Ltd non-executive director Dermot Ryan has increased his interest in the company through the purchase of 15 million shares at $600,000 through an exercise of options. He now owns 16 million shares valued at $1.6 million on the announcement day share price.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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