APAC Resources to Maintain 46.3% Stake in Tanami Gold with AUD32.6 Million Rights Issue Subscription
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APAC Resources has announced a full subscription to its entitlement in a rights issue by Tanami Gold, committing AUD32.6 million for 544,021,444 new shares at AUD0.06 each. This will maintain APAC's 46.3% stake in Tanami Gold. The subscription price is approximately 35% lower than Tanami Gold's last closing price. The transaction is classified as a discloseable deal under Hong Kong listing rules, reflecting APAC's strategic commitment to Tanami Gold and potentially impacting its risk profile in the gold sector.
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