Horseshoe Metals substantial shareholder exercises options early
Horseshoe Metals(ASX: HOR) substantial shareholder Azure Capital Investments has increased its stake to 7.9% after exercising 641,666 options ahead of the 30 June 2012 expiry.
Azure exercised the options at A$0.20 each, for a consideration of $128,333.
In doing so, the company now holds about 4.6 million shares inHorseshoe Metals.
Horseshoe Metalshas begun a major drilling campaign at its Horseshoe Lights Copper-Gold Project, with holes up to 450 metres depth planned in the first phase.
The diamond drilling program comprises 1,500 metres across four deep drill holes, with additional holes planned subject to the results of the initial holes.
Horseshoe Metalsis...