Invests AUD 4.22M to Increase Stake in Alara Resources
South West Pinnacle Exploration Limited · SOUTHWEST · NSE ·
Acquired an additional 1.56% stake in its Australian joint venture partner, Alara Resources Ltd (ARL), for a cash consideration of AUD 4,220,000. The acquisition increases the combined holding of SWPE and its promoters in ARL from a pre-transaction level of 10.83%. The strategic…