Stokes offloads shares in Saracen

Australian billionaire Kerry Stokes has offloaded about A$30-million worth of shares in ASX-listed gold miner Saracen Mineral Holdings.

Prior to the on-market share sale, Stokes, through his privately held financial firm Wroxby, had held a 6% interest in Saracen, which currently has more than 820.2-million shares in circulation.