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Hammer Metals Becomes a Major Investor in Carnaby Resources
Company Announcements

Hammer Metals Becomes a Major Investor in Carnaby Resources

Carnaby Resources Ltd. (AU:CNB) has released an update.

Carnaby Resources Limited has announced that Hammer Metals Limited has become a substantial holder with a 5.28% voting power, effective from 16th May 2024, acquiring 9,090,909 ordinary shares for a consideration of $5,000,000. This strategic move indicates Hammer Metals Limited’s significant investment and interest in Carnaby Resources, marking a notable change in shareholder structure.

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

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