Catalpa Resources managing director Bruce McFadzean has exercised 15,682 options to acquire shares at a cost of $1.10 each. Mr McFadzean has acquired 160,000 shares at no cost, pursuant to the vesting of performance rights issued under the Catalpa employee share option and performance rights plan. This brings his total stake in the gold miner to 347,301 shares. With the company’s shares currently trading at $1.71 each, his stake is valued at about $600,000. Catalpa has recently changed its name to Evolution Mining, following a merger with Conquest Mining.
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