Brief: Astute Metals Says Major Shareholder To Increase Stake In Astute

Venari Minerals NL

23/08/2023 02:42

Aug 23 (Reuters) - Astute Metals NL  ASE.AX :
    * 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%

Source text for Eikon:  ID:nASX5BnBXg 
Further company coverage:  ASE.AX 

 ((Reuters.Briefs@thomsonreuters.com;))