Far East Gold Ltd (AU:FEG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Far East Gold Ltd has become a substantial holder by acquiring a 10% voting power through a Placement Agreement with Xingye Gold (Hong Kong) Mining Company Limited, involving 31,958,348 fully paid ordinary shares. This strategic move is part of the company’s efforts to strengthen its market position by leveraging new partnerships and expanding its influence in the gold mining sector.
For further insights into AU:FEG stock, check out TipRanks’ Stock Analysis page.