Cardinal Resources Ltd: Announce Van Eck Increases Shareholding in CDV
12.12.2016 | ABN Newswire
Perth - Cardinal Resources Ltd. (ASX:CDV) ("Cardinal" "the Company") is pleased to announce that Van Eck Associates Corporation ("Van Eck") from New York has increased its holding in Cardinal to 6.32%.Van Eck become a substantial shareholder of Cardinal on 30 November 2016 with an equity position of 5.28%, since this time Van Eck has increased its holding to 6.32%.
Archie Koimtsidis, Managing Director of Cardinal, said:
"We are very pleased with Van Eck's continued support in Cardinal as a key institutional investor and a substantial shareholder of the Company.
"Their shareholding supports the tremendous potential of our Ghanaian Projects."
About Cardinal Resources Ltd:
Cardinal Resources Ltd. (ASX:CDV) is a focused gold exploration and development company with its key assets located in the mineral-rich country of Ghana, West Africa. Cardinal owns and operates 2 drill rigs and has in country infrastructure which allows it to be a low cost exploration and development company.
Contact:
Archie Koimtsidis Managing Director
Cardinal Resources Ltd.
P: +233-26-190-5220
Skype: cardinal.archie