MC Mining Ltd (AU:MCM) has released an update.
MC Mining Ltd has issued a Form 603 declaring Kinetic Crest Limited, a subsidiary of Kinetic Development Group Limited, as a substantial holder with a 13.04% interest in the company. This move comes as part of a larger transaction where Kinetic Development Group Limited is set to acquire up to 51% of MC Mining’s issued share capital, pending certain conditions. The market has been notified of this significant change in shareholding, which was arranged under voluntary escrow terms.
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