Canyon Resources Director’s Stake Surges

Canyon Resources Limited (AU:CAY) has released an update.

Canyon Resources Limited has reported a significant change in Director Mark Hohnen’s holdings, with an acquisition of 15 million options exercisable at $0.10 each by Fernan Pty Ltd, where Hohnen serves as director and beneficiary. The options, which can be exercised on or before October 8, 2027, were issued under employee options approved at a General Meeting. This move alters Hohnen’s indirect interest, substantially increasing his potential stake in the company.

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