Great Western Exploration Limited (AU:GTE) has released an update.
Great Western Exploration Limited has experienced a change in the voting power of its substantial holder, Seascape Capital Pty Ltd, with a decrease from 11.10% to 8.88% due to a dilution event following the issue of Tranche 1 Placement Shares. The dilution occurred despite Seascape Capital’s continued involvement in the subsequent Tranche 2, subject to shareholder approval.
For further insights into AU:GTE stock, check out TipRanks’ Stock Analysis page.