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News: ASE Astute Metals Says Major Shareholder To Increase Stake In Astute

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    23/08/23
    11:45
    Post #: 69498736

    Aug 23 (Reuters) - Astute Metals NL (ASE) :

    • MAJOR SHAREHOLDER TO INCREASE STAKE IN ASTUTE
    • ENTERS BINDING SUBSCRIPTION WITH ITS MAJOR SHAREHOLDER, HOLDMARK PROPERTY GROUP, TO INJECT A$2.063M INTO CO
    • PROCEEDS TO BE USED IN EXECUTING ASTUTE'S FOCUSED GROWTH STRATEGY, FURTHER STRENGTHENING ITS BALANCE SHEET
    • HOLDMARK TO BE ISSUED 41.2 MILLION SHARES AT PRICE OF 5.0 AU CENTS, INCREASING ITS SHAREHOLDING TO 19.9%
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