tiprankstipranks
Brightstar’s Major Shareholder Increases Voting Power
Company Announcements

Brightstar’s Major Shareholder Increases Voting Power

Brightstar Resources Limited (AU:BTR) has released an update.

St Barbara Limited has increased its voting power in Brightstar Resources Limited from 10.11% to 12.12% following the issue of new shares as part of a share placement. The change, which involved the acquisition of 110,218,875 new ordinary shares, occurred on July 10, 2024, and is tied to a debt settlement arrangement with the company. This significant shift in share ownership for Brightstar Resources Limited could influence future company decisions and direction.

For further insights into AU:BTR stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!