Koba Resources Limited (AU:KOB) has released an update.
Koba Resources Limited has announced that Havilah Resources Limited has acquired a substantial holding in the company, securing 25 million fully paid ordinary shares, which represents 15.82% of voting power. The shares, issued as part of the Yarramba Transaction previously announced, are under voluntary escrow with half locked for 6 months and the remainder for 12 months. This significant investment marks a new chapter in Koba Resources’ corporate journey.
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