Major Shareholder Increases Equity Position
(WorldNews Asia)

ASX ANNOUNCEMENT Major Shareholder Increases Equity Position 17 April 2018 Tembo Capital increases equity position in Strandline Further to its announcement of 28 March 2018, Strandline Resources Ltd (ASX: STA) is pleased to advise that its cornerstone shareholder, Tembo Capital, has increased its equity position in the Company following the recent early exercise of its 30 June 2018 options. As a result, Tembo Capital`s holding in Strandline will increase to 35.07%, up from 32.07%. Tembo Capital is one of several major shareholders who elected to exercise their options early, with the increase in their holding representing a strong vote of confidence in the Company`s strategy and outlook....