Fitzroy River sells Silver Mines shares at A$0.11 each
Fitzroy River Corp has sold Silver Mines shares at A$0.11 apiece. Bowdens sale proceeds total A$15.7 million, with surplus cash to go to shareholders.
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what happened
According to Reuters, Australian company Fitzroy River Corp Ltd has sold Silver Mines shares at A$0.11 each. Total proceeds from the Bowdens sale reached A$15.7 million.
The company said it intends to pay out the surplus proceeds to its shareholders.
why it matters
The deal concerns a small mining company and has little effect on the broader market. For Fitzroy River investors, the key point is the size of the planned distribution to shareholders.
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sources
- Fitzroy River Disposes Silver Mines Shares At A$0.11 Per Share — Reuters, 27 October 2026 at 01:42 UTC
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