Santana Minerals Ltd. (AU:SMI) has released an update.
Santana Minerals Ltd has announced a Share Purchase Plan (SPP) allowing eligible shareholders to buy shares ranging from A$2,300 to A$30,000 at A$1.15 each, aiming to raise A$4 million. Additionally, the company will buy back shares worth less than A$500 at A$1.21 per share, a 5.2% premium over the SPP price, unless shareholders opt-out before the 24 June 2024 deadline. These initiatives are designed to consolidate smaller shareholdings and provide an opportunity for shareholders to increase their investment in the company.
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