Paladin Energy managing director John Borshoff has sold more than a quarter of his stake in the company but says he remains confident in the outlook for the uranium sector. Mr Borshoff has offloaded 6 million shares in the company, raising $5.6 million, to release funds as part of the management of his personal financial affairs. He continues to hold 15.8 million shares in Paladin currently worth about $15.2 million.
Gladiator Resources directors have all converted performance rights into shares at no cost on satisfaction of the performance conditions. Executive directors Tim Adams and John Palermo have acquired 3 million shares each. Non-executive chairman Len Dean and non-executive directors Daniel Bruno and Stuart Hall have been issued 500,000 shares each. Gladiator has just sold its nickel prospects east of Kambalda to Octagonal Resources and now remains focused on progressing the Zapucay Merchant pig iron project in Uruguay.
