New World Resources Limited (AU:NWC) has released an update.
New World Resources Limited has announced a change in director Richard Hill’s interests, with an on-market purchase of 500,000 shares at $0.021 each and the exercise of 1 million vested performance rights. Following these transactions, Hill now indirectly holds over 31 million shares and 4 million options in the company. The update, as per listing rules, reflects a notable increase in the director’s stake, signaling potential insider confidence in the firm’s future.
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