Perseus Mining managing director Mark Calderwood has disposed of one million shares on market to raise $2.5 million. Mr Calderwood told the stock exchange part of the sale of his holding in the West African gold miner was for the purposes of reducing his personal debt. He retains a stake of 3.6 million shares in Perseus currently worth $9.2 million. The company’s Edikan gold mine in Ghana started commercial production at the beginning of the year.
Troy Resources managing director Paul Benson has exercised 300,000 options at $2.98 each to acquire shares in the South American junior gold producer. Mr Benson has then sold 250,000 shares to raise $1 million. With Troy Resources shares currently trading at around $4.41 each, his resultant stake of 228,684 shares is currently worth just over $1 million.
