Fenix Resources Director Adjusts Equity Stake

Fenix Resources Limited (AU:FEX) has released an update.

Fenix Resources Limited has announced a change in Director John Paul Welborn’s interests, with an acquisition of 5,000,000 shares and the disposal of the same number of performance rights, due to the conversion of vested Performance Rights. As a result, Welborn now holds 20,500,000 shares and 15,000,000 performance rights in the company. This transaction did not involve any monetary consideration and did not occur during a closed period requiring prior clearance.

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