TerraCom Limited (AU:TER) has released an update.
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Fred Bart Group has become a substantial shareholder in TerraCom Limited, securing a 5.13% voting power with over 41 million ordinary shares. The group comprises Fred Bart, 4F Investments Pty Limited, and Bart Superannuation Pty Ltd, with Fred Bart holding the majority and acting as the director for the associated entities. Recent acquisitions leading up to this status were made over a four-month period, with considerable cash transactions but no non-cash considerations.
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