APAC Resources ( (HK:1104) ) has issued an announcement.
APAC Resources Limited, a company incorporated in Bermuda, has announced a significant acquisition of shares in Bellevue Gold. On April 15, 2025, the company’s subsidiary accepted the allotment of 5,882,353 shares in Bellevue Gold, representing approximately 0.40% of the enlarged issued share capital, for AUD 5 million. Additionally, the subsidiary acquired 2,000,000 shares through on-market transactions on the ASX for AUD 1.791 million. These acquisitions, along with previous acquisitions within the past 12 months, constitute a discloseable transaction under Chapter 14 of the Listing Rules, indicating a strategic move to strengthen its investment portfolio in the gold sector.
More about APAC Resources
YTD Price Performance: 5.83%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $186.9M
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