Saturn Metals Ltd. (AU:STN) has released an update.
Saturn Metals Limited has experienced a significant shift in shareholder power dynamics, with Lion Selection Group Limited increasing its stake from 10.76% to 19.42% by acquiring 30,303,031 ordinary shares through a placement valued at $5 million. The transaction, which took place on July 5, 2024, has substantially elevated Lion Selection Group’s influence within the company. This marks a notable change in the company’s financial landscape, which could be of interest to investors and market watchers.
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