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South Harz Potash Ltd ( (AU:TSR) ) has shared an announcement.
Turnstone Resources Ltd has completed an unmarketable parcel share sale facility aimed at holders of very small shareholdings valued at less than A$500. The initiative allowed these shareholders to sell their stakes without brokerage or handling costs, simplifying their exit while helping Turnstone streamline its share register.
Under the facility, 4,116,757 ordinary shares held by 1,314 shareholders were sold for total consideration of A$113,211.88, based on a VWAP of A$0.0275 per share prior to the record date. Following completion, the number of shareholders has been reduced to 565, which is expected to lower the company’s ongoing operating and administration costs and improve registry efficiency.
More about South Harz Potash Ltd
Turnstone Resources Ltd is an Australian-listed company on the ASX under the ticker TSR, operating in the resources sector. The company is headquartered in West Perth, Western Australia, and its shares trade on the Australian Securities Exchange, giving it access to domestic capital markets and a broad base of retail shareholders.
Average Trading Volume: 185,652
Technical Sentiment Signal: Sell
Current Market Cap: A$5.73M
For detailed information about TSR stock, go to TipRanks’ Stock Analysis page.