Alto Metals Ltd (AU:AME) has released an update.
Brightstar Resources Ltd is set to acquire Alto Metals Limited, offering a significant premium to Alto shareholders with an exchange of 4 new Brightstar shares for each Alto share. Additionally, Brightstar is expanding its portfolio by purchasing the Montague East Gold Project from Gateway Mining Limited for $14 million. To fund these endeavors, Brightstar plans to raise $24 million through a share placement at no discount to the market price.
For further insights into AU:AME stock, check out TipRanks’ Stock Analysis page.
