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Beacon Minerals ( (AU:BCN) ) has provided an announcement.
Beacon Minerals has disclosed a change in the holdings of director Graham McGarry, detailing an adjustment to his direct and indirect interests in the company’s securities. The update reflects routine compliance with ASX listing rules requiring directors to notify the market of changes in their notifiable interests.
The filing shows McGarry exercised 400,000 listed options held through Lamerton Pty Ltd as trustee for Mac’s Super Fund, converting them into fully paid ordinary shares at $1.20 per share. As a result, his total shareholding has increased while the corresponding options position has decreased, marginally lifting his equity stake and providing investors with greater transparency around insider ownership levels.
More about Beacon Minerals
Beacon Minerals Limited is an Australian-listed resources company focused on gold exploration and mining. The company’s activities centre on acquiring, developing and operating gold assets, with its securities traded on the ASX, attracting both institutional and retail investors seeking exposure to the precious metals sector.
Average Trading Volume: 98,850
Technical Sentiment Signal: Buy
Current Market Cap: A$380.8M
For detailed information about BCN stock, go to TipRanks’ Stock Analysis page.