Balkan Mining Welcomes New Major Shareholder

Balkan Mining and Minerals Ltd (AU:BMM) has released an update.

David Dominic Pevcic has become a substantial holder in Balkan Mining and Minerals Limited, acquiring a total voting power of 13.24% through direct and indirect interests. The total number of ordinary fully paid shares acquired is 11,394,567, with the consideration for the shares acquired in the last four months amounting to over $1.3 million. Pevcic’s associates include entities he controls or are connected with his family, indicating a strategic investment move.

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