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Alicanto Minerals Director Increases Stake via Share Placement

Story Highlights
  • Alicanto Minerals operates in the mining industry, focusing on precious and base metals.
  • Director Raymond Shorrocks increased his stake by acquiring 2,166,667 shares, signaling confidence in the company.
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Alicanto Minerals Director Increases Stake via Share Placement

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An announcement from Alicanto Minerals Ltd. ( (AU:AQI) ) is now available.

Alicanto Minerals Ltd. has announced a change in the interests of one of its directors, Raymond Shorrocks, following a recent acquisition of shares. Mr. Shorrocks, through Spring Street Holdings Pty Ltd, acquired an additional 2,166,667 fully paid ordinary shares as part of a placement approved by shareholders, raising his total holdings to over 13 million shares. This move reflects confidence in the company’s prospects and could positively impact its market standing, aligning shareholder interests with management.

More about Alicanto Minerals Ltd.

Alicanto Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral deposits. The company primarily targets precious and base metals, leveraging its expertise in identifying and advancing resource-rich projects.

YTD Price Performance: -2.70%

Average Trading Volume: 545,859

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$30.34M

See more insights into AQI stock on TipRanks’ Stock Analysis page.

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