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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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