Alto Metals Ltd (ASX:AME) has gained a new substantial shareholder in special situations investment manager Harvest Lane Asset Management.
Harvest Lane is focused on selecting high-return and/or low-risk opportunities arising from takeover and corporate activity.
Harvest Lane has a 5.32% holding through 15.59 million shares.
Recent takeover offer from Goldsea[hhmc]
Alto received a 6.5 cents per share off-market cash takeover offer from Goldsea Australia Mining Pty Ltd in late February 2020.
The offer values Alto at $20.7 million and is subject to a number of conditions, including a 90% minimum acceptance condition and approval of the Australian Foreign Investment Review Board (FIRB).
Alto is focused on exploration at itRead More – Source
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