St Barbara’s Stake in Brightstar Diminished by New Share Issue

Brightstar Resources Limited (AU:BTR) has released an update.

St Barbara Limited has seen its voting power in Brightstar Resources Limited reduced from 9.59% to 6.33% due to the issuance of new shares by Brightstar. This dilution occurred as part of a scheme with Alto, impacting the total number of ordinary shares in circulation. Investors may find this change significant as it influences shareholder dynamics and potential investment strategies.

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