Ramelius Resources Limited (AU:RMS) has released an update.
Ramelius Resources Limited has significantly increased its stake in Spartan Resources Limited, with its voting power nearly doubling from 8.92% to 17.94% following an on-market purchase of shares valued at A$92 million. This strategic move involved the acquisition of 100 million shares, resulting in Ramelius’s relevant interest in Spartan now totaling 198.53 million shares. The transaction, which was completed on July 1, 2024, has made Ramelius a more influential player in Spartan’s financial decisions.
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