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Montague Resources Reduces Stake in TG Metals

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Montague Resources Reduces Stake in TG Metals

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TG Metals Ltd. ( (AU:TG6) ) has shared an update.

TG Metals Ltd. has announced that Montague Resources Australia Pty Ltd and its associated entities have ceased to be substantial holders in the company. This change occurred following TG Metals’ issuance of 18,181,819 shares in a placement that Montague Resources did not participate in, reducing its stake to below 5%. The announcement also noted that several entities have ceased to be associates of Montague Resources in relation to voting interests in TG Metals.

More about TG Metals Ltd.

Average Trading Volume: 396,177

Technical Sentiment Signal: Buy

Current Market Cap: A$23.5M

See more insights into TG6 stock on TipRanks’ Stock Analysis page.

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