Gascoyne Resources Limited (AU:SPR) has released an update.
Ramelius Resources Limited has significantly increased its stake in Spartan Resources Limited, with its voting power nearly doubling from 8.92% to 17.94% following an on-market purchase worth A$92 million. The acquisition of 100 million shares took place on July 1, 2024, marking a notable change in the company’s substantial holding. This strategic move may impact Spartan’s future direction and is indicative of Ramelius’s growing influence in the company.
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