Elefantino Secures Major Stake in Labyrinth Resources

Labyrinth Resources Limited (AU:LRL) has released an update.

In a significant financial move, Elefantino Pty Ltd, as trustee for the Talula Trust, has emerged as a substantial shareholder in Labyrinth Resources Limited, securing a 14.36% stake with 561,855,670 fully paid ordinary shares. The acquisition, which occurred on September 20, 2024, involved a cash consideration of $1,685,567. This strategic investment positions Elefantino as a key player in Labyrinth Resources’ financial landscape.

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