Inca Minerals Secures Majority Stake in Stunalara Metals

Inca Minerals Limited ( (AU:ICG) ) has shared an update.

Inca Minerals Limited has announced that it has received acceptances totaling 54.2% of the voting power in Stunalara Metals Limited as part of its off-market takeover bid. The acceptance includes a significant shareholding by Mr. Andrew Haythorpe, who has expressed his intention to accept the offer under certain conditions. The takeover bid aims to secure a 90% interest in Stunalara shares, with the offer set to close on April 4, 2025, unless extended. This move is significant for Inca Minerals as it seeks to strengthen its position in the mining sector by acquiring a controlling interest in Stunalara.

More about Inca Minerals Limited

Inca Minerals Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company is engaged in the acquisition and exploration of mineral properties, with a particular emphasis on expanding its market presence through strategic takeovers.

Average Trading Volume: 5,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$14.55M

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