Far East Gold Ltd (AU:FEG) has released an update.
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Xingye Gold (Hong Kong) Mining Company Limited has increased its stake in Far East Gold Ltd, boosting its voting power from 9.99% to 14.56% through a recent share acquisition. The purchase involved 17,493,192 shares at $0.20 per share, reflecting Xingye’s strategic interest in Far East Gold’s growth potential. This move signals confidence in Far East Gold’s future prospects, highlighting it as a company worth watching for investors.
For further insights into AU:FEG stock, check out TipRanks’ Stock Analysis page.
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