Hawsons Iron Ltd (AU:HIO) has released an update.
Paul Cholakos, a director of Hawsons Iron Ltd, has increased his stake in the company through an indirect investment, acquiring 2,272,727 ordinary shares and the same number of listed options for a total consideration of $75,000. The transaction, part of a share placement, has raised his total holdings to over 5 million ordinary shares and listed options, on top of his existing unlisted options. The market may react to this show of confidence by a key insider, as changes in directors’ interests often signal their outlook on the company’s future.
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