Crusader Resources chairman David Archer has exercised 200,000 options to acquire shares at a cost of 25 cents each, bringing his total stake in the minerals explorer to 1.33 million shares. With the company’s shares currently trading at $1.275 each, his stake is valued at about $1.7 million.
Neon Energy non-executive chairman Alan Stein has reduced his interest in the company by selling 1.5 million shares on-market for $683,700, to enable him to part fund the purchase of a family residence. Dr Stein’s holdings in the emerging petroleum explorer and producer now stand at 13.3 million shares worth almost $6 million.