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VYSARN LIMITED — Director's Dealing 2012
Aug 7, 2012
66029_rns_2012-08-07_07a7c89c-3cd6-4658-bfce-c04e243039eb.pdf
Director's Dealing
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Sale of Director’s Options and Resignation of Director
ASX Release – 8 August 2012
MHM Metals Limited advises that Mr Frank Rogers has sold 4.5 million MHM options to a number of long term MHM shareholders who already hold a significant stake in the Company. Mr Rogers has invested a substantial amount of his own funds into the Company’s business, and has incurred debt in developing the technology that is critical to MHM’s future success. Mr Rogers has informed the Company that the reason that he needed to sell his options was to reduce this debt.
Mr Rogers has also tendered his resignation as a Director of MHM. Mr Rogers remains fully committed to MHM and its business and the Company has secured Mr Rogers as a consultant to MHM pursuant to a consulting agreement under which Mr Rogers will work on both current operations and the future US plant, and on current and future technology opportunities.
ASX Codes
MHM, MHMO
Issued Capital 108.9 Ordinary Shares 19.3 Listed Options
Substantial Shareholders
Rogers Southern PL 10% Directors 13% Top Twenty 34%
Directors
FURTHER INFORMATION:
Rudi Michelson Monsoon Communications +61 (0)3 9620 3333 [email protected]
Chairman - Basil Conti Managing Director – Phil Thick Executive Director - Ben Mead Executive Director - Simon Wells
Contact:
PO Box 21 KINGSTON TAS 7051
T: +61 (0)3 6229 9955 F: +61 (0)3 6229 8430 W: www.mhmmetals.com E: [email protected]
ABN: 41 124 212 175
MHM ASX RELEASE – 8 AUGUST 2012 Sale of Director’s Options and Resignation of Director
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