Crest Resources (TSE:CRES) has released an update.
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Crest Resources Inc. has increased its stake in Volatus Capital Corp. by purchasing 2 million common shares, amounting to a 5.44% rise in their security holding percentage. This acquisition elevates Crest Resources’ total control to 27.71% of Volatus’ issued shares, or 36.13% assuming the exercise of additional warrants. The company has stated that the move is for investment purposes and might consider further transactions based on market conditions.
For further insights into TSE:CRES stock, check out TipRanks’ Stock Analysis page.