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APAC RESOURCES (01104) buys 3.5% stake in Metals X
04 Oct 2019
(Infocast News) APAC Resources (01104) announced that the subsidiaries acquired in aggregate 29.82 million shares in Metals X (representing 3.49% of the total issued share capital of Metals X) through on-market transactions conducted on the ASX and/or the equity raising for an aggregate consideration of A$4,686,000, representing A$0.1572 per share.

Immediately after completion of the acquisitions, the group holds 109.6 milllion shares in Metals X, representing 12.84% of the total issued share capital of Metals X.

Metals X is a diversified resource company. It is Australia’s largest tin producer, an Australian copper producer and owns the undeveloped Wingellina Nickel-Cobalt Project.

(WL)
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