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Horseshoe Metals Director Acquires Shares On Market

Horseshoe Metals (ASX: HOR) managing director Neil Marston has increased his indirect interest in the company following an on-market purchase of 150,000 shares.

The indirect holder is Marston's wife who acquired the shares for a total consideration of $9,386, or $0.063 per share.

Marston's interests - held both directly and indirectly - has now increased to 400,000 shares, 2 million options expiring on 30 June 3013 that are exercisable at $0.20, 1 million Incentive Rights A, 500,000 Incentive Rights B and 500,000 Incentive Rights C.

Earlier in the month the Horseshoe Lights Project delivered a 40% increase in the high grade copper resource, and now hosts a resource of 12.85 million tonnes at 1.00% copper, and 0.1g/t gold for 128,600 tonnes of contained copper and 36,000 gold ounces.

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