True North Copper’s Major Shareholder Adjusts Stake

True North Copper (AU:TNC) has released an update.

True North Copper Limited (TNC) has experienced a change in substantial shareholdings, with Tembo Capital Holdings UK Ltd and associated entities now holding a decreased voting power of 29.44%, despite an increase in actual shares to 262,859,415 due to a recent share subscription and company dilution. The adjustment in Tembo’s holdings follows a $4 million investment in TNC’s institutional entitlement offer as detailed in their May prospectus.

For further insights into AU:TNC 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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