Beadell Resources managing director Peter Bowler has disposed of 4 million shares on-market to raise $4.1 million. The shares were sold to cover the exercise of Mr Bowler’s options in June and October that cost him $2.8 million, as well as for the payment of tax on the grant of the previous year’s incentive options. Mr Bowler retains a stake of 21 million shares in the Brazilian gold explorer and remains among its top 10 shareholders. His stake is currently worth $23.4 million.
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