Directors’ Interests

MT Gibson Iron directors Craig Readhead and Ian Macliver have pocketed $158,400 and $165,000 worth of shares respectively through the exercise of company options, acco-rding to Australian Stock Exchange announcements. Mt Gibson is trying to grow from a small Mid West region iron ore producer to one with annual sales worth more than $1 billion. Exco Resources executive director Craig Burton now holds $1.32 million worth of the West Perth-based minerals exploration company, after gaining about $198,000 worth of shares through a rights issue. Exco announced a one for six rights issue to raise $2.66 million, in order to advance the company’s projects in Western Australia, Queensland, South Australia and New South Wales.

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