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Austral Gold’s Stake Diluted in Unico Silver Ltd.
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Austral Gold’s Stake Diluted in Unico Silver Ltd.

E2 Metals Ltd. (AU:USL) has released an update.

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Austral Gold Limited has experienced a dilution in its voting power in Unico Silver Limited, dropping from 12.33% to 11.32% due to the issuance of new shares as part of a placement. The shift in voting power occurred on August 27, 2024, and no consideration was given for the dilution of interests in Austral Gold’s controlled entities. This change reflects Austral Gold’s adjusted stakes post the placement of new shares in the market.

For further insights into AU:USL stock, check out TipRanks’ Stock Analysis page.

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