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Lithium Plus Minerals Ltd. ( (AU:LPM) ) just unveiled an announcement.
Diatreme Resources Ltd has announced a priority offer for its shareholders in the upcoming Moonlight Resources IPO. The offer includes a fully underwritten Priority Offer of $3.0 million at an issue price of $0.20 per share, with additional benefits such as free attaching options. This move follows Diatreme’s agreement to sell its shares in Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited to Moonlight Resources, which includes a combination of Moonlight shares and cash. The transaction is expected to enhance Diatreme’s financial position and provide its shareholders with new investment opportunities.
More about Lithium Plus Minerals Ltd.
Diatreme Resources Ltd is a developer and explorer in the silica sands industry. The company is involved in projects that focus on the extraction and development of silica sands, which are crucial for various industrial applications.
Average Trading Volume: 119,294
Technical Sentiment Signal: Buy
Current Market Cap: A$15.94M
See more data about LPM stock on TipRanks’ Stock Analysis page.