Ragnar Metals Acquires Major Stake in Kaiser Reef

Kaiser Reef Ltd (AU:KAU) has released an update.

Ragnar Metals Limited has become a substantial holder in Kaiser Reef Limited, acquiring a 16.3% interest with 33,400,000 ordinary shares, as revealed in a notice dated July 15, 2001. The acquisition, which took place on July 17, 2024, involved a cash transaction amounting to $5,010,000. This move signifies a significant change in Kaiser Reef’s shareholder structure and could influence its strategic direction.

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