Northern Star Resources managing director Bill Beament has boosted his stake in the company through the cashless exercise of 6.5 million options in a deal worth nearly $5.6 million. The exercise of the options, priced at 10 cents each, was facilitated by the company’s employee share trust. The trust allocated just over 5.8 million shares to Mr Beament after he exercised 6.5 million options, with the remaining 663,265 shares held as consideration. Mr Beament now holds more than 20 million shares in Northern Star, or a 4 per cent stake, worth $19.5 million.
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