MetalsTech (ASX:MTC) said Tuesday some shareholders selling their shares in a recently disclosed "substantial" shareholder transaction received AU$550,000 in non-refundable deposits from the buyer, according to a Tuesday filing with the Australian bourse.
The buyers are Minerva Investment Company and Xiaowu Li, who are not existing shareholders, a separate filing showed.
On Sept. 2, the gold and lithium explorer disclosed that a non-associated group of substantial shareholders had executed various securities sale agreements to sell shares and transfer performance rights.
The company's shares tumbled almost 31% in recent Tuesday trade.
Price (AUD): $0.18, Change: $-0.080, Percent Change: -30.77%
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