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Director's Shareholding

11 Nov 2011 07:00

RNS Number : 9012R
Medusa Mining Limited
11 November 2011
 

11 November 2011

 

MEDUSA MINING LIMITED

DIRECTOR'S SHAREHOLDING

(ASX & LSE: MML)

Medusa Mining Limited ("Medusa" or the "Company"), was informed today that Geoffrey Davis, Chairman, had sold 1,000,000 ordinary shares of no par value in the Company at an average price of A$6.72 on 10 November 2011.

The proceeds from the sale will be used for the payment of personal income tax and to provide funds for charitable undertakings and medical research.

Following the sale of Medusa shares as described above, Mr Davis' total beneficial ownership in the Company is 4,052,750 ordinary shares of no par value, representing approximately 2.15% of the issued share capital of the Company.

 

 

 

 

For further information please contact:

Australia

Medusa Mining Limited

+61 8 9367 0601

Peter Hepburn-Brown, Managing Director

United Kingdom

Fairfax I.S. PLC, Financial Adviser and Broker

+44 (0)20 7598 5368

Ewan Leggat/Laura Littley

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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