Directors’ Interests

Reed Resources Ltd director David Reed has increased his indirect interest in the company by acquiring 230,000 shares at a value of $115,136 through an on-market trade. The following week, he purchased a further 70,000 shares at a value of $34,413. He now holds nearly 23 million shares at a value of about $11.4 million. Co-director Christopher Reed decreased his indirect interest by selling 200,000 shares at a value of $99,780 in an on-market trade. CBH Resources Ltd director Robert Willcocks has sold half of the one million shares he recently acquired through the conversion of unlisted options, to earn $338,500. He initially acquired one million shares at a value of $210,000, before selling 500,000 shares in two separate on-market transactions. He now holds just over one million shares at a value of about $710,000.

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