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The latest update is out from Kaiser Reef Ltd ( (AU:KAU) ).
Kaiser Reef Limited has announced a change in the director’s interest, specifically regarding Steven Formica’s indirect holdings. Mr. Formica, through entities he controls, has acquired an additional 2,500,000 fully paid ordinary shares, increasing his total holdings to 7,500,000 shares. This acquisition was part of a Tranche 2 Placement, following shareholder approval at a recent General Meeting. The transaction, valued at $350,000, reflects strategic positioning within the company, potentially impacting its governance and shareholder dynamics.
More about Kaiser Reef Ltd
Kaiser Reef Limited operates in the mining industry, focusing on the exploration and development of gold and other mineral resources. The company is engaged in acquiring and managing high-quality mineral assets to enhance its market position.
Average Trading Volume: 1,425,806
Technical Sentiment Signal: Buy
Current Market Cap: A$53.75M
Find detailed analytics on KAU stock on TipRanks’ Stock Analysis page.