Far East Gold Ltd (AU:FEG) has released an update.
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Far East Gold Ltd has seen a significant increase in its voting power with Xingye Gold (Hong Kong) Mining Company Limited, raising its voting rights from 10% to 14.43%. This change comes after Xingye acquired an additional 17,493,192 shares through a Placement Agreement with Far East Gold. The shares are subject to a 12-month restriction on dealing, potentially impacting the market dynamics and investor interest in Far East Gold’s stock.
For further insights into AU:FEG stock, check out TipRanks’ Stock Analysis page.