News of the day is NRW is finally letting go of Spartan...

News  of the day is NRW is finally letting go of Spartan Resources  ownership.

According to today’s equity raising presentation at SPR the 65,935,762 shares are being sold at 58c each …
(I count that {DYOMaths!!!} as just over $33m!p?)

Here’s last year’s SPR top 20 list FWIW ;
(And i wonder why Jules is selling?)




cheers


https://www.afr. com/street-talk/spartan-resources-in-80m-raise-selldown-20240418-p5fkrv

Spartan Resources in $80m raise, selldown

Sarah Thompson, Kanika Sood and Emma Rapaport
Apr 18, 2024 – 10.10am


Gold hopeful Spartan Resources, capitalised at $632 million on the ASX, has kicked off an $80 million cash call.

Spartan Resources was known as Gascoyne Resources until mid 2023. Asineh Houspian

Sources said three brokers, Canaccord Genuity, Euroz Hartleys and Sternship Advisers, have underwritten the raise. The pricing is expected to land between mid-to-high 50s.

The cash call comes on the back of a new discovery called, Pepper.
Fund manager sources said a large shareholder, who inherited the holding from Gascoyne days and has been a potential overhang on the stock, would exit alongside the raising.