Lion Selection Group Ups Stake in Saturn Metals Ltd.
Company Announcements

Lion Selection Group Ups Stake in Saturn Metals Ltd.

Saturn Metals Ltd. (AU:STN) has released an update.

Saturn Metals Limited has experienced a significant shift in shareholder power dynamics, with Lion Selection Group Limited increasing its stake from 10.76% to 19.42% by acquiring 30,303,031 ordinary shares through a placement valued at $5 million. The transaction, which took place on July 5, 2024, has substantially elevated Lion Selection Group’s influence within the company. This marks a notable change in the company’s financial landscape, which could be of interest to investors and market watchers.

For further insights into AU:STN stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App