Spartan Resources Dilutes Stake in Firetail Resources
Company Announcements

Spartan Resources Dilutes Stake in Firetail Resources

Firetail Resources Limited (AU:FTL) has released an update.

Spartan Resources Limited has reported a change in its substantial holding in Firetail Resources Limited, with its voting power decreasing from 7.09% to 6.06% due to a dilution event caused by a share issue on June 19, 2024. Despite the dilution, Spartan Resources Limited maintains direct control over 11,273,889 ordinary shares. This change reflects the dynamic nature of shareholding structures and could influence Firetail Resources Limited’s stock performance.

For further insights into AU:FTL stock, check out TipRanks’ Stock Analysis page.

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