Directors’ Interests 24
Outgoing Atlas Iron non-executive chairman Geoff Clifford has exercised 1 million options to buy shares at a cost of $2.87 each ($2.8 million in total), while the company’s shares are currently trading at $3.58. In another transaction on the same day, Mr Clifford sold 1 million shares to raise $3.7 million. His current stake in the iron ore producer is 50,000 shares valued at $179,000.
Crusader Resources chairman David Archer has exercised 100,000 options to acquire shares at a cost of 25 cents each, bringing his total stake in the minerals explorer to 1.03 million shares. With Crusader’s shares currently trading at $1.20 each, Mr Archer’s stake is valued at over $1.2 million.
Peak Resources executive chairman Alastair Hunter has acquired 1 million shares, which were issued to him for provision of service and in satisfaction of contractual release. This brings his total stake in the rare earth and gold miner to 9.3 million shares worth $4.6 million.