St Barbara Becomes Brightstar Resources' Largest Shareholder; Listed Investments Portfolio Rises to AU$35 Million
St Barbara SBM is now Brightstar Resources' largest shareholder following the latter's acquisition of Linden Gold Alliance.
The gold producer's shareholding of roughly 10.1%, or 462.1 million shares, will be voluntarily escrowed for 12 months. A further 110 million shares related to the conversion of Linden's debt will be issued to St Barbara on the completion of the takeover deal.
As a result, St Barbara’s current listed investments increased to AU$35 million in value or 19% of its market capitalization.
...it looks like St Barbara will acquire Brightstar within 12 months.
Ann: St Barbara supportive of Brightstar and Linden Gold merger, page-37
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.5¢ |
Change
-0.010(3.51%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 27.5¢ | $1.221M | 4.366M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 151200 | 3 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |