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Intermin Resources director lifts stake through option exercise

Intermin Resources (ASX:IRC) executive director, Lorry Hughes, has increased his stake in the company through the exercise of listed in-the-money options.
Lorry Hughes, executive director, Intermin Resources
Lorry Hughes, executive director, Intermin Resources

Hughes exercised 562,085 $0.075 options (June 2017 expiry) for a consideration of circa $42,000.

Intermin shares last traded at $0.11.

Hughes now has a direct and indirect stake of over 2.5 million shares, along with several lines of listed and unlisted options.

Intermin has a number of quality gold assets in the world class gold mining region surrounding Kalgoorlie-Boulder in Western Australia.

The company’s flagship projects are the 100% owned Menzies and Teal projects which host significant mineralisation and have the potential to be mined via open cut and underground methods.

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