Oklo Resources Ltds (ASX:OKU) substantial shareholder and fellow West African gold company Resolute Mining Ltd (ASX:RSG) has increased its holding to 9.79% from 7.96%.
Resolute increased its stake through three recent transactions – on-market purchases of more than $1.557 million and of $1.5 million as well as placement participation.
In the placement, the gold producer purchased more than 2.487 million shares valued in excess of $796,000, and Resolute now holds more than 49 million shares.
Commitments to raise $10 million[hhmc]
Oklo recently received firm commitments from sophisticated and institutional investors to subscribe for a placement of 31.25 million shares to raise $10 million.
Strong demand for the placement was received from existing and new domestic and offshore institutions with net proceeds to be used to continue eRead More – Source
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