Beadell Resources managing director Peter Bowler has sold $2.8 million of shares on-market, to finance the acquisition of a property and to pay income tax liabilities.
Mr Bowler sold three million shares in the Brazil-focused gold producer, but retains a stake of more than 18 million shares through his superannuation fund and his associated entities Braidwood Investments (WA) and Bowler Enterprises.
Last December, Mr Bowler sold four million Beadell shares on-market raising $4.2 million, to cover the exercise of options earlier in the year and for tax payments on the grant of the previous year's incentive options.
With Beadell's shares currently trading at 95.5 cents, Mr Bowler's stake is worth $17.2 million.
