Beacon Minerals Director Increases Shareholding Through Option Exercise

An update from Beacon Minerals ( (AU:BCN) ) is now available.

Beacon Minerals has reported a change in the holdings of director Graham McGarry following the exercise of listed options into ordinary fully paid shares. Through Lamerton Pty Ltd as trustee for Mac’s Super Fund, McGarry converted 347,480 listed options at $1.20 per share into the same number of ordinary shares, increasing his overall direct and indirect equity stake in the company while reducing his remaining listed options.

Following this transaction, McGarry’s indirect holding via Lamerton Pty Ltd rose to 5,413,962 ordinary shares, with his total direct and indirect shareholdings also including 8,216,679 and 400,000 ordinary shares in other accounts. His remaining listed options position decreased to 200,000, signalling a stronger long-term alignment with shareholders through a higher proportion of fully paid equity.

More about Beacon Minerals

Beacon Minerals Limited is an Australian-listed mining company focused on the exploration and production of gold and related mineral resources. The company operates within the resources sector, leveraging equity markets for funding and aligning director and executive holdings with shareholder interests through listed securities and options.

Average Trading Volume: 75,283

Technical Sentiment Signal: Buy

Current Market Cap: A$325.4M

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