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An announcement from Westar Resources Ltd. ( (AU:WSR) ) is now available.
Westar Resources has disclosed a significant change in director Eddie King’s indirect interests, following the issue of new shares and incentive options approved at the company’s 2025 annual general meeting. Through entities King Corporate Pty Ltd and La Paz Resources Pty Ltd, King acquired 20 million ordinary shares at $0.005 each and a total of 20 million incentive options for no cash consideration, increasing his indirect holding to 22,923,796 ordinary shares plus existing unlisted options and the newly issued incentive options. The transaction underscores a strengthened equity alignment between the director and the company, potentially signalling confidence in Westar’s future performance and modestly increasing insider ownership within its capital base.
More about Westar Resources Ltd.
Westar Resources Ltd is an Australian-listed company active in the resources sector, with its securities traded on the ASX. The company’s capital structure includes ordinary shares and a range of unlisted and incentive options, reflecting typical financing and remuneration practices in the junior mining and exploration industry.
Average Trading Volume: 1,254,514
Technical Sentiment Signal: Sell
Current Market Cap: A$2.75M
For detailed information about WSR stock, go to TipRanks’ Stock Analysis page.