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Inca Minerals Limited ( (AU:ICG) ) has shared an announcement.
Inca Minerals Limited has announced that it has received acceptances for 73.5% of Stunalara Metals Limited’s shares in its off-market takeover bid. The company aims to secure at least 90% of Stunalara’s shares to fulfill the conditions of the offer, with significant shareholder support already indicated. This strategic move is expected to enhance Inca’s market position and expand its resource base.
More about Inca Minerals Limited
Inca Minerals Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily engaged in the acquisition and exploration of mineral properties with a market focus on expanding its portfolio through strategic takeovers.
Average Trading Volume: 5,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$14.55M
For an in-depth examination of ICG stock, go to TipRanks’ Stock Analysis page.