Sierra Rutile’s Major Shareholder Increases Stake

Sierra Rutile Holdings Limited (AU:SRX) has released an update.

Sierra Rutile Holdings Limited has experienced a significant change in shareholding, with Leonoil Company Limited and associated parties increasing their voting power from 92.61% to 93.85% through a series of off-market takeover bid acceptances. These transactions involved acquiring over 4 million ordinary shares at $0.18 per share, further consolidating Leonoil’s control over the company.

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