Australia

Oklo Resources’ substantial shareholder Resolute Mining increases holding to 9.79%

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

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