Southstone Minerals (TSE:SML) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Southstone Minerals Limited has mutually ended its agreement to acquire a 90% stake in Padstone, maintaining its current 10% share. The company is looking to increase production at its Oena Diamond Mine and will announce updates after the next diamond tender. Additionally, Southstone has extended the closing of a private placement aimed to fund exploration and working capital needs.
For further insights into TSE:SML stock, check out TipRanks’ Stock Analysis page.