HDR hardman resources limited

Sells more ARQ

  1. 2,036 Posts.
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    Didn't expect them too sell more.


    ARC ENERGY NL 2002-06-26 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    The Directors advise that the Company has sold 1,850,000 shares in ARC Energy NL, realising a profit of $701,750, with total proceeds being $997,750. Hardman retains a holding of 7,475,000 shares, being
    4.9%, in the issued capital of ARC.

    Following sales earlier this month of ARC shares, the Company has realised a combined net profit of $2,969,747 in the current year from this investment.

    A Notice of Ceasing to be a Substantial Holder is following.

    K Davies
    COMPANY SECRETARY and
    CHIEF FINANCIAL OFFICER

    FORM 605

    NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

    Hardman Resources Ltd ceased to be a substantial shareholder in ARC
    Energy NL on 25/06/2002.
 
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