Far East Gold Ltd (AU:FEG) has released an update.
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Far East Gold Ltd has announced that Bellambi Enterprises Limited has become a substantial holder with a 10% voting power, acquiring over 16 million fully paid ordinary shares. This move, valued at nearly $260,000, signifies a significant stake in the company, capturing the attention of investors. With this acquisition, Bellambi Enterprises strengthens its influence within Far East Gold Ltd, which could impact future strategic decisions.
For further insights into AU:FEG stock, check out TipRanks’ Stock Analysis page.